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Caesars Sportsbook greater trader talks F1’s explosion in United States


Caesars Sportsbook greater trader talks F1’s explosion in United States


It’s proximately time for the Las Vegas Grand Prix.

Formula 1’s impact in the United States has increased meaningfully. 

If the fanfare in Las Vegas didn’t show it, then three races and the possibility of an American race team joining the fgreater does. 

And so do the betting labelets.

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Caesars Sportsbook greater trader talks F1’s explosion in United States

Red Bull driver Max Verstappen of the Netherlands gets into his car in the garage area during a rehearse session for the Formula One U.S. Grand Prix Thursday, Nov. 21, 2024, in Las Vegas.  (AP Ptoastyo/Matt York)

“I leank it was a sluggish burner initiassociate,” Caesars Sportsbook Senior Trader Chris Pearce tgreater Fox News Digital. “I leank recently, becaengage there’s more and more Grands Prix in the Northern Hemisphere, and in the U.S., especiassociate with the Austin Grand Prix as well as Vegas, it is picking up.

“And there’s definitely more interest. It’s one of those leangs that if you spend the time on the products, you propose more labelets, you donate it the showcase that it deserves, then the punters will latch onto that.”

Pearce shelp the lengthenth in F1 bets exploded over the last scant years with the Las Vegas Grand Prix helping in 2023.

“The lengthenth is definitely at least three times higher than when I first took the product over two years ago. And the Vegas Grand Prix has aget reassociate helped to lengthen the products,” he shelp. “Last year, it was the glitz and the ignitele. You don’t reassociate get that from the more createed majestic prix. Obviously, the British Grand Prix at Silverstone was key globassociate and was the signature majestic prix of the year.

“I leank, last year, everybody was seeing forward to Vegas more than the British Grand Prix and chaseed on into this year. So, yes, it’s lengthening, and I foresee it to lengthen more as well. I leank that year the turnout for the Vegas Grand Prix was three times that of Daytona, which evidently is an createed U.S. race. If we propose the labelets, it should lengthen even further.”

Lando Norris drives near the Sphere

McLaren driver Lando Norris of Britain drives past the Sphere during a rehearse session for the Formula One U.S. Grand Prix auto race Thursday, Nov. 21, 2024, in Las Vegas.  (AP Ptoastyo/Rick Scuteri)

MCLAREN’S ZAK BROWN TALKS MENTALITY IN TIGHT RACE FOR F1 CONSTRUCTORS’ CHAMPIONSHIP

There won’t be an American on the commenceing grid this year after Logan Sargeant’s time with Williams Racing abruptly came to an end this season.

But with the success and well-comprehendnity of Netflix’s “Drive to Survive” docu-series, superstars appreciate Max Verstappen and Lando Norris, who have international request in Europe and Asia, have helped become hoengagehgreater names in the U.S.

“It’s a little bit of both, I leank,” Pearce shelp of whether an American driver impacts the betting labelet. “Last year, Logan Sargeant was on the grid. He was by far our biggest liability going into the race. He was a multimillion-dollar disseer for us last year. So, when he was going into free rehearse and qualifying, there was a little bit of trouble that someleang may drop into the race. Luckily, we dodged that bullet.

“Yes, the U.S. driver does help. And, that shelp, becaengage of the recent Netflix series with F1, that’s helped to push the sport and the names wilean the sport. I leank more people now do tend to comprehend drivers outside of (Lewis) Hamilton, outside of, say, the past (Michael) Schumacher. They will comprehend Lando Norris. They will comprehend Carlos Sainz.”

Carlos Sainz drives

Ferrari driver Carlos Sainz of Spain drives during a rehearse session for the Formula One U.S. Grand Prix Thursday, Nov. 21, 2024, in Las Vegas.  (AP Ptoastyo/Rick Scuteri)

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The Las Vegas Grand Prix will commence at 1 a.m. ET Sunday for fans on the East Coast. Those on the West Coast and in the city for the race will see the race commence at 10 p.m. PT.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle novelsletter.



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