Super Bowl LVIII Bet Pays Out $1 Million If This Unique, First-Time Event Occurs
Portfolio Pulse from Chris Katje
A bettor at Caesars Sportsbook (NASDAQ:CZR) placed a $100 bet on the Kansas City Chiefs scoring exactly two points in Super Bowl LVIII, with odds of 10,000 to 1, potentially winning $1 million. This unique bet is considered highly unlikely given the Chiefs' scoring history and the rarity of safeties in Super Bowl history. DraftKings Inc (NASDAQ:DKNG) has the 49ers favored by two points with an over/under of 47.5 points. Super Bowl LVIII will be broadcasted by CBS and Nickelodeon, and streamed on Paramount+, all owned by Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA).
February 08, 2024 | 9:34 pm
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NEUTRAL IMPACT
Caesars Sportsbook took a unique bet on the Chiefs scoring exactly two points in Super Bowl LVIII, highlighting its diverse betting options.
While the bet is unique and has garnered attention, it's unlikely to have a significant short-term impact on CZR's stock price due to the overall scale of Super Bowl betting.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
DraftKings Inc has set the odds for Super Bowl LVIII, with the 49ers favored by two points and an over/under of 47.5 points.
The setting of odds for Super Bowl LVIII by DraftKings is a routine part of their operations and is unlikely to significantly impact their stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Paramount Global Inc will broadcast Super Bowl LVIII on CBS and Nickelodeon, and stream it on Paramount+, showcasing its extensive media reach.
The broadcasting and streaming of Super Bowl LVIII by Paramount Global's units could positively impact its stock price in the short term due to increased viewership and advertising revenue.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80