Circa sportsbook faces $10.1m overlay in soccer competitions

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A broken drain pipe was the culprit for water leaking through the Circa sportsbook screen on Thursday during a rainstorm.

The book recovered quickly and was back to normal by Sunday after replacing the screen, carpeting, ceilings and walls.

“Everything has been completely dried out and is back to brand new,” said Jeff Benson, head of sports betting operations at Circa. “We are certainly excited as we resume the football season.”

Circa is now hoping for a flood of cash to pour into the book to reach an unprecedented $12 million guaranteed prize pool for its two NFL $1,000 handicap contests.

Five weeks before the NFL season opener, the downtown pound is staring at a $10.1 million overlay. He paid $1.92 million last year to cover an overlay in the Circa Survivor contest.

The book needs 6,000 entries each in Circa Million IV and Survivor to meet its $6 million guarantees in each contest. On Monday, there were 784 entries in the Million ($5.2 million overlay) and 1,066 entries in Survivor ($4.9 million overlay).

Last year, Circa drew 4,087 entries for the Million (which had a $4 million guarantee) and 4,080 for Survivor.

Benson said the book is ahead of last year’s entry pace for both competitions, but still expects to pay a seven-figure overlay.

“Based on the current number of entries, we expect to have around 4,500 people in the Million and 7,200 in the Survivor,” he said.

If those projections come to fruition, there will be a $1.5 million overlay in the Million, where there is a limit of three entries per contestant versus six in Survivor.

“I would be shocked if we got to $6 million in the Million,” Benson said. “It’s just easier to hit that number in Survivor, given that you can have six entries and the ability to buy back after the Thursday night game.”

In a new wrinkle to Survivor, contestants can purchase up to six additional entries before the September 10 deadline if they lose their original entries in the September 8 “Thursday Night Football” opener between the Buffalo Bills and the Los Angeles Rams.

“I think you’ll definitely see more entries in Survivor because of that,” Benson said.

Football competition weekends

Circa organizes three weekends of football competitions on August 12-13, 19-20 and 26-27. When a contestant buys a “full house” of football entries — the maximum three entries in the Million and six in Survivor — they get a free three-night stay at D Las Vegas, a Friday night cocktail at BarCanada, bar open Saturdays at Stadium Swim and VIP access to the Fremont Street Experience concert series.

Circa will also host a football preview panel from 4-6 p.m. on August 27 in its new meeting and convention space. The panel will be moderated by Circa Vice President of Operations Mike Palm and will feature former NFL players Brian Urlacher and Shaun King and Circa Chief Risk Officer Chris Bennett.

Contact journalist Todd Dewey at [email protected] Follow @tdewey33 on Twitter.

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