Sports Betting National Championship

Posted on by admin

DraftKings paid $102,000 to settle a class-action lawsuit over its handling of the 2019 Sports Betting National Championship.

New York bettor Christopher Leong filed the suit in January 2019, shortly after the event itself, on behalf of nearly 200 class members.

National Championship Betting Trends. The spread has moved from 7 points to 8.5 with the game a few hours away. According to BetMGM Sportsbook, 55.3 percent of spread tickets are on Alabama, good. Jan 11, 2021 2021-2022 National Championship Odds Above are updated College Football National Championship odds from PointsBet Sportsbook. For those new to sports betting, +150 odds mean a $100 bet would win $150 (in addition to the $100 risked). Last updated January 11. Special National Championship Betting Promotion! Bet $1 on either Ohio State or Alabama‘s money line, WIN $100 (in free bets) IF either team scores a touchdown. Offer available in CO, IA, IN, NJ. Jan 11, 2021 Betting Trend to Know The total for the national championship is a big one, and there are many reasons why, including the trends. The Over is 4-1-1 in Ohio State's last six games overall and 4-0. Draftkings Sports Betting National Championship is a Trademark by Draftkings, Inc., the address on file for this trademark is 376 Boylston Street Suite 501.

In the suit, Leong claimed “negligent” handling of the event rendered his $10,000 entry fee “worthless.”

Specifically, the suit centered on claims that DraftKings paid some bets in the contest out early, but not others. That allegedly allowed some participants extra bets and an unfair advantage.

The suit also claimed DraftKings Sportsbook‘s betting platform was unfair throughout the contest, as it “accepted certain wagers and rejected others in a schizophrenic and wholly irrational manner.”

What will the plaintiffs receive?

Leong will receive $7,000 from the settlement, while his lawyers will receive up to $66,000. All other entrants in the contest will receive $150 in credit to DraftKings games.

National Championship Television

The settlement could be seen as a win for DraftKings, which previously warned its liabilities from the case could run to $5.8 million, according to Law360.

The company also denied any wrongdoing in its operation of the sports betting event, saying it settled to avoid the expense and distraction of litigation.

The denial of wrongdoing is key, as DraftKings could yet face further legal action.

Sports Betting Websites

Sports Betting National Championship saga goes on

Third-place finisher Rufus Peabody was one of those bettors unable to place his final planned bets, potentially costing him a chance at the win.

Peabody was not part of the class-action suit, and said he turned down an offer “similar” to what Leong received.

And because their offer was a joke. It was a slap in the face.

— Rufus (@RufusPeabody) April 21, 2020

Sports Betting National Championship 2020

Sports Betting National ChampionshipSports Betting National Championship

The New Jersey Division of Gaming Enforcement carried out its own investigation into the event and concluded DraftKings did not breach any of its regulatory duties.

What next for DraftKings?

DraftKings is due to become a public company this week, as Diamond Eagle shareholders vote Thursday on whether to approve the three-way deal between itself, DK and SBTech.

The combined company will likely be spending some money on lawyers regardless, with SBTech also potentially facing lawsuits around its recent extended outage.

Sports Betting National Championship

DraftKings declined to comment for this story.