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Circa on Hook provides $3.5 million worth of coverage for football matches

Circa spends millions of dollars to pay for the million-survivor prize pool.

SymClub
Apr 8, 2024
2 min read
Newscasino
Circa Sportsbook in downtown Las Vegas. The operator faces $3.5 million in additional charges for....aussiedlerbote.de
Circa Sportsbook in downtown Las Vegas. The operator faces $3.5 million in additional charges for its two NFL games..aussiedlerbote.de

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Circa on Hook provides $3.5 million worth of coverage for football matches

Operators are expected to receive an additional $3.5 million in subsidies as Saturday's deadline to enter the Circa Million and Circa Survivor football matches approaches.

The stacked amount is how much Circa Sports would have to spend to secure a total prize pool of $14 million for the popular NFL Picks contest, with an $8 million prize pool for the "Survivor" game and a $6 million prize pool for the "Millions" game. Ten thousand U.S. dollars. Late Monday, downtown Las Vegas casino and sportsbook operators expected a $1.3 million stack for the Survivor contest and $2.2 million for the Circa Million contest.

This means there were 6,696 entries in the survivor pool yesterday and approximately 3,784 entries in the million pool. Those numbers are expected to increase later this week, reducing the overlap.

The 2023 NFL season kicks off on Thursday when the Detroit Lions travel to Kansas City to take on the defending Super Bowl champion Chiefs. NFL games are almost all played on Sunday, so Saturday is the deadline to attend a Circa game.

Last year, Circa took no cut of the competition but had to contend with an additional $3.2 million in prize money after attracting 6,133 entrants in Survivor and 4,691 entrants in Million.

Approximate NFL Game Details

The survivor prize pool may increase based on the number of entries. Last year the competition attracted 6,133 entrants, which meant a prize pool of $6.13 million. Should Circa Million V entries exceed $6 million, excess funds will be used to pay quarterly and full-season prizes to winning participants.

The fee for each entry in both contests is $1,000. This year, Circa Million entries are capped at 5 per person, while Survivor entries are capped at 10 per player. Circa Survivor features contestants selecting a winning NFL team each week. While this selection does not violate the allocation rules, participants can only field a team once per season, and if the selected team is not selected, the entry is void.

The combination of an increase in the prize pool and the belief that it's easier to pick a single winner without a gap could help pare down the current Survivor coverage.

Circa Million, on the other hand, is a true test of handicap acumen, as contestants must choose five NFL games each week against scattered conditions.

"$3.65 million will be divided between second place through 100th place, and prizes worth $300,000 will be awarded quarterly every four to five weeks." The last Explosion Prize winner will receive $100,000, The penultimate winner will receive a $100,000 prize. According to Circa Sports, the Blast Prize will receive $50,000.

The stacking amount is expected to decrease

If precedent is any guide, the $3.5 million stack mentioned above will almost certainly go down later this week. Last year, Circa avoided survivor coverage and had to raise $1.3 million for the Circa Million.

With just four days to go before the 2022 competition deadline, operators are facing more than $4 million in surcharges, suggesting there could be significant late registrations this week.

In addition to Nevada, Circa Sports offers mobile sports betting in Colorado, Iowa, Illinois and soon in Kentucky.

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Source: www.casino.org

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