The 2020 NFL Draft A Success With Sportsbooks, Draft Prop Bets That Hit

By in NFL on
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In this restricted climate, the 2020 NFL Draft was a breath of fresh air for most NFL betting sites. In fact, it was such a popular event to bet on that many of the top sportsbooks had record setting handles for an NFL Draft.

It should be noted that this was just the fourth year where prop bets on the NFL Draft were legal in Nevada. With that said, sportsbooks like William Hill and BetMGM offered more than 10 times the number of draft prop bets that were listed in 2019 and saw a staggering volume of football wagers.

Record Setting Handles

For William Hill, their handle was massive compared to previous years. Nick Bogdanovich, William Hill’s U.S. Director of Trading, commented on the record setting handle and his expectations for the 2021 NFL Draft:

“Nevada’s handle for this draft is around five times bigger versus other years. It’s the equivalent of a Thursday Night Football game. People really love the draft, there’s just so much interest surrounding it. I expect the handle to be similar, or even potentially increase, for next year’s draft.”

DraftKings also saw an increase in wagers from 2019 as CEO Jason Robins stated that the first round of the draft blew away all expectations due to the pent up demand for betting on football. In fact, DK reported a week before the 2020 NFL Draft that they had already surpassed the 2019 handle.

PointsBet said the amount of money they saw wagered on the draft was comparable to a Monday Night Football game. Circa Sports reported that their handle was similar to a very popular regular season game.

NFL Draft Leads To Record Ratings

Not only did the NFL Draft lead to increased handles for sports betting websites, but it also shattered previous ratings.

  • Over 55 million fans tuned into the three day event with the 1st round seeing a record 15.6 million rating. That destroyed the previous record of 12.4 million set in 2014.
  • Day 2 of the 2020 NFL Draft saw a 37% increase over 2019 as 8.2 million viewers watched the 2nd and 3rd rounds of the draft. Some would argue that these rounds were more exciting than the first round with plenty of trades and great talent still available.
  • Day 3 of the 2020 NFL Draft saw a 40% increase over the 2019 Draft as 4.2 million viewers watched rounds four through seven and the conclusion of a historic virtual draft.

To the credit of the NFL and its broadcasting partners ESPN, ABC and the NFL Network, there were no technical glitches throughout the entire virtual draft, which included over 600 camera feeds.

NFL Draft Prop Bets That Hit

As mentioned, this year’s draft had an average of at least 100 prop bets available at each football betting site. With that said, some of the more notable prop bets that hit included:

  • Jeff Okudah being taken 3rd overall (+125)
  • Burrow, Young, and Okudah taken as the first three picks (+130)
  • Tua Tagovailoa to be drafted in the Top 6 (-275)
  • First WR to be drafted: Henry Ruggs III (+350)
  • WR CeeDee Lamb taken Over 12.5 (+150)
  • Over 5.5 WRs taken in the 1st round (-170)

The largest prop bet to hit was through William Hill as a bettor nailed a $250 wager on Clemson WR Tee Higgins being selected with the 1st pick in the 2nd round. The wager paid out at 20-1 odds and netted the bettor $5,000.

William Hill also reported a 10-1 prop bet hitting where Clyde Edwards-Helaire was the first RB taken in the draft. The bettor wagered $400 and won $4,000 dollars.

If you missed out on betting on the 2020 NFL Draft, don’t worry because sportsbooks are already listing wagers for the 2021 NFL Draft.

Rick Rockwell

As a longtime freelance writer, avid sports fan, former athlete, and experienced sports bettor, Rick Rockwell has risen up the ranks at GamblingSites.org to become the self-professed "King of the Blog" in his first year with the site. ...

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