Circa Sportsbook faces a $10.1 million overlay in soccer competitions

0

A broken drainpipe was the culprit for water spilling through the Circa sportsbook’s screen during a rainstorm on Thursday.

The book made a quick recovery and was back to normal by Sunday after replacing the screen, carpet, ceiling and walls.

“Everything has been completely dried out and is like new again,” said Jeff Benson, sportsbook operations manager at Circa. “We’re definitely excited to get back into the football season.”

Circa is now hoping to see a flood of funds pour into the book for an unprecedented $12 million guaranteed prize pool for its two NFL handicap contests with a $1,000 entry.

With five weeks to go before the NFL season opener, the downtown book is staring at a $10.1 million overlay. It paid out $1.92 million last year to cover an overlay in the Circa Survivor competition.

The book requires 6,000 entries each in Circa Million IV and Survivor to meet its $6 million guarantee in each competition. As of Monday, it had 784 entries in the million ($5.2 million overlay) and 1,066 entries in Survivor ($4.9 million overlay).

Last year, Circa drew 4,087 entries for the Million (with a $4 million guarantee) and 4,080 for Survivor.

Benson said the book anticipates last year’s pace of registrations for both competitions, but still expects a seven-figure premium.

“Based on the current number of enrollments, we’re expecting about 4,500 people in the million and 7,200 in the survivor,” he said.

If these predictions come true, the Million will have a $1.5 million overlay, which has a limit of three entries per entrant, as opposed to Survivor’s six.

“I’d be shocked if we hit $6 million on the million,” Benson said. “It’s just easier to get that number in Survivor, assuming you have six entries and the ability to buy back after Thursday night’s game.”

In a new fold in Survivor, participants who lose their original entries in the September 8th inaugural Thursday Night Football game between the Buffalo Bills and the Los Angeles Rams will be able to purchase up to six additional entries before the September 10th deadline.

“I think that’s definitely why you’re going to see a larger number of entries in Survivor,” Benson said.

Football Competition Weekends

Circa is hosting three football competition weekends on August 12-13, 19-20 and 26-27. When a contestant purchases a “full house” of football entries — a maximum of three entries in the Million and six in Survivor — they receive three free nights at the D Las Vegas, a Friday night cocktail party at BarCanada, and a Saturday open bar at Stadium Swim and VIP access to the Fremont Street Experience concert series.

Circa will also be hosting a football preview panel on August 27 from 4pm to 6pm in its new meeting and convention space. The panel will be moderated by Circa Vice President of Operations Mike Palm and will represent former NFL players Brian Urlacher and Shaun King, and Circa Risk Director Chris Bennett.

Contact reporter Todd Dewey at [email protected] consequences @tdewey33 on twitter.

Share.

About Author

Comments are closed.