PointsBet Pays Out Titans Bettors
The Tennessee Titans were able to beat the Denver Broncos by a score of 16-14 on Monday Night Football, but the Titans failed to cover the spread.
Sportsbooks had the Titans anywhere from a 2.5- to three-point favorite before the start of the game.
Titans kicker Stephen Gostkowski missed three field goals and an extra point in the win, seemingly costing bettors thousands of dollars. PointsBet Sportsbook has decided to refund bettors that chose the Titans in their latest edition of the company’s “Good Karma Payout.”
PointsBet has a Karma Committee that meets each morning to discuss things that occurred in the sports betting industry. That group felt that bettors should not be punished for the four missed kicks from Gostkowski on Monday night.
According to PointsBet, more than 80 percent of all betting tickets, and more than 65 percent of all the money wagered was on the Titans to cover the spread. PointsBet is an Australian-based company, but it has had little trouble becoming a force in the United States.
One of the biggest reasons that PointsBet has become so popular is because of situations like this, as it takes care of its customers. It’s not uncommon for the company to issue a Good Karma Payout, especially during the NFL season.
PointsBet began this promotion in 2018 after the New Orleans Saints lost to the Los Angeles Rams in the NFC Championship Game. A missed pass interference call cost the Saints the game, and PointsBet refunded all of the bettors that took New Orleans.
The company also announced that it had a great first weekend of NFL football as three upsets allowed the sportsbook to cash in. The Los Angeles Rams’ victory over the Dallas Cowboys on Sunday Night Football was the biggest win for PointsBet.
Indiana Home to PointsBet; Now Illinois Also
Sports bettors in the state of Indiana have been enjoying PointsBet Sportsbook for the last few months, and these bettors have seen some terrific promotions geared towards Indiana sports teams. When PointsBet launched in the state, it had several promotions on the Indiana Pacers in the NBA restart.
Indiana launched sports betting on Sept. 1, 2019, and the state saw over $1 billion in total sports betting handle in less than 10 months. The state also just posted monster numbers during August, and the industry has recovered from the COVID-19 pandemic.
The state is expected to continue to see an increase in total sports betting handle and sports betting revenue now that the NFL has started its 2020 season. If Indiana is going to continue to post big numbers, it will have to do it against some fierce competition.
Illinois now has four mobile sportsbooks up and running, and PointsBet just joined the market last weekend. BetRivers, DraftKings, and FanDuel are also available in Illinois, and that will likely take away some customers that have been visiting Indiana casinos and sportsbooks.
PointsBet has helped boost Indiana’s sports betting industry, but now it will likely do the same for Illinois.
For more sports news and legal sports betting in Indiana, check out more stories on our blog.
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