With this year’s Triple Crown races just around the corner, online bookies are set to make the most profit from derby horse races they have ever seen. PayPerHead.com, the leading online sportsbook software in the industry, states that online bookies will have over $145 million up for grabs from the Kentucky Derby alone.
“Triple Crown races are one of the most busiest and profitable times for online bookies.” explained Nate Johnson, Product Manager of PayPerHead.com. “Online bookies had a total of $139.2 million up for grabs last year. With recent legalization and an increased betting wave from across the country, online bookies are expected to make a record-breaking profit this year.”
The Triple Crown races are comprised of three races within the U.S, the Kentucky Derby, the Princess Stakes, and the Belmont Stakes. In order to win the Triple Crown, a horse and jockey must win all three races. This makes the Triple Crown one of the most prestigious trophies in thoroughbred racing.
“Placing bets on the speculated Triple Crown trophy winner is one of the longest betting traditions in the U.S.” explained Johnson. “Last year, the sports betting industry saw hundreds of millions of dollars in bets placed on the Kentucky Derby alone. This year, we anticipate another record-breaking number due to factors like sports betting legalization.”
Throughout recent years, sports betting legalization has played a significant role in the growth of the sports betting industry. Even though placing bets on horse races has been legal for quite some time in the U.S, PayPerHead.com states that more Americans are becoming online bookies and starting their own businesses.
PayPerHead‘s online bookies can make up to $10,000 in their first month. As the stigma of online sports betting begins to disappear, PayPerHead sees an influx of new users from across the country. With the Triple Crown races being one of the largest sports betting events of the year, PayPerHead online bookies have great potential to grow their current books and profit.
“The last horse to win the Triple Crown was American Pharoah in 2015. Currently, online bookies are predicting that Game Winner, War of Will, Signalman and Improbable have the closest chance to winning Triple Crown in 2019. If one of these top four thoroughbreds wins two of the three Triple Crown races, we can expect hundreds of millions in bets across the online bookie industry.”