Former NFL Star Hits 13-Leg College Basketball Betting Parlay, Netting $416,000 Profit
Portfolio Pulse from Chris Katje
Former NFL star Dez Bryant, known for his tenure with the Dallas Cowboys and Baltimore Ravens, has recently gained attention for his successful sports betting, particularly in college basketball. Bryant won $416,970.35 from a $767.68 bet on a 13-leg NCAA Men's Basketball parlay with BetMGM, a joint venture between MGM Resorts International (NYSE:MGM) and Entain. His betting streak also includes a win on the Kansas City Chiefs in Super Bowl LVIII and a successful tennis parlay.
February 20, 2024 | 9:50 pm
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NEUTRAL IMPACT
Dez Bryant's significant win from a bet placed with BetMGM highlights the potential volatility and publicity sports betting can bring to MGM Resorts International.
While the news of a high-profile win like Dez Bryant's could bring additional attention and potentially more customers to BetMGM, the direct financial impact on MGM Resorts International's stock price in the short term is likely to be minimal. However, the publicity could influence investor perception, making the impact neutral until further trends in betting winnings or losses are observed.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70