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Joe Brennan Jr
@joebrennanjr
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Old guy co-founder of @PrimeSportsbook, sharing occasional views on the betting industry & Philly sports
Washington, DC
Joined October 2008
I’m sure DK customers are excited by the opportunity to improve the company’s profit margins.
(1/4) $DKNG CEO Jason Robins full quote on DraftKings winning bet tax: . "Obviously, some people might just react negatively to the idea of being charged at all, but it's really fairly nominal and it makes a huge difference in our ability to make a reasonable margin. ".
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I’m not a Democrat or a Republican. I’m an @Eagles fan. Philly does more to honor our military than any town, since I was a kid.
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I started the legal & political effort in NJ to overturn the PASPA national ban on sports betting back in Nov 2008 with the hope of someday opening a sportsbook here. Today, it finally happened w/ @primesportsbook . Thank you to all of you who made it possible: this one’s for you
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Had to stand behind a guy at 7Eleven while he spent a few hundred bucks buying tickets for the $1.2 billion #megamillions drawing tomorrow. I asked him if he knew the probability of picking a winning ticket? “Shut the f— up and mind you own business, Mr. Smart Guy.” he said.
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No. 1 thing we're hearing from players at #betbash2023?. "We need more outs". You can't bet if there's no book who'll take your action w/o limiting, pinwheeling or closing you. In Sept, starting in OH & NJ, we'll take your bet up to the max amount, let you re-bet, no limiting,
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Might be a bit late, but it’s just in time. See you Easter Sunday @primesportsbook, New Jersey.
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@SportsbkConsig I’m ok with this. We’d have a more respectful society if, on occasion, you got tattooed for running your mouth.
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If you’re going to @bet_bash this week & you’re from OH & NJ areas, let’s talk. Our new sportsbook is simple: you can bet up to the max on any market (we post it). You won’t be limited, pinwheeled or shut down, & when you win we’ll pay you out as fast as possible. Guaranteed.
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Took @primesportsbook only 10 weeks to jump into the Top 10 of OH sportsbooks. Offering an alternative to offshore & the street while welcoming players poorly served by other brands seems to have potential. Just wait until we open Q1'24 in NJ, KY
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If you're betting offshore because you can't get decent limits on your bets, or you've been turned away by US-licensed sportsbooks, come give us a shot @primesportsbook . Everyone can bet the max amount on any market, and we won't close your account if you win. Guaranteed.
VIPs: Bet onshore, legally, like you do offshore @primesportsbook.
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@RagingAcid @TheOnion Was going to write a nasty reply, but then figured your math skills said it all.
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At #betbash2023, the speed network event to start the day, and unfortunately I’ve been stood up by my first date. Is it because I look like a fed?
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So, with the US & China tied at 40 for “most gold medals”, @primesportsbook has paid out backers of both countries in-full. Congrats to all of you.
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I’m thinking Tuesday might be a good day to start taking bets in NJ @primesportsbook . What do you think @AdamBjorn2?
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It isn't a "market standard", injuries are part of the game, grow up, or just bet at rec shops that will close you down if you string together a couple of wins.
@CircaSports it would be amazing if you could follow the lead of @DKSportsbook and @FDSportsbook and refund any prop wagers on Kyler Murray. You’re the best sportsbook in Vegas hands down, and figured I’d ask as it has become somewhat of market standard. Thanks!.
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Now @primesportsbook is featured on-screen @spankodds. So to everyone from @bet_bash who came up and asked me, "when is Prime going to get their feed on SpankOdds", you have your answer. #theOnlyNumberThatMatters
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So, because operators refuse service to legitimate players, forcing them to find alternate routes to play in regulated (vs black) markets, you’d cut that off and give them no alternative but offshore & the street? Doesn’t seem a proper solution for the states’ interests IMO.
Beards. They should be against law or rule in every state. But they may not be. I doubt any legislator understood that betting accounts would be used by third parties to get down multiple bets in multiple states. And I'll tell you, ending that practice is an easy bill to pass.->.
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Finally made it. @CircaSports is a welcome change from the other “sportsbooks” which increasingly seem to exist only as sign-up centers for their mobile apps. Keep it Vegas, baby.
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This is going to be a long day if we're just going to have sportsbooks' lawyers and compliance people read statements about operations and technology. If you we're going to have a drinking game, popping one every time someone says "advantage player" isn't a bad choice.
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Just my luck to wind up on IR during Week 7 @NFL, just days before the "Sports Equinox". You're in good hands with @AdamBjorn2 and the @primesportsbook crew to help you guys out with anything you need. See you soon.
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Thinking I may charter buses to ferry bettors over the bridges from NYC and Philly areas to bet with @primesportsbook in NJ, where laying -108 vs DK’s -117 is looking pretty good right now (thanks to @capjack2000 for doing the math on this).
DraftKings tax surcharge:. - Will start Jan. 1, 2025.- Only coming to NY, IL, PA and VT (for now).- Only applies to winning bets.- Will be treated as a separate transaction when paying out winnings.- Will be identified on the best slip. [per $DKNG Q2 earnings presentation].
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@DavidPurdum Refereeing has become like politics in America: every call in your favor is of course correct and righteous, while every call against you is a conspiracy of larger forces intent on screwing you.
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I’d listen to 10 more hours of Michael Lewis interviewing @andrewssports, @JimmyVaccaro & @VinnyByTheBook. Being called “old school bookmakers” is the highest compliment you could get, IMO. The living history of American betting
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When are US regulated sportsbooks going to realize that while quick deposits are important, fast withdrawals are far more important to customers? . When we hear these horror stories, it motivates us @primesportsbook to make sure we payout faster than anyone in the business.
The “withdrawal process” with @ESPNBet is actually outrageous, I withdrew money on the 17th and it’s still pending… it’s the 28th.
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Yep, we had a tough Super Bowl - one minute it’s the best result (SF, under) next it’s the worst (KC, over). That’s the breaks for a real bookie. But the 500k we lost was marketing costs IMO. I hope every bettor out there thinks we’re easy and comes at us. We’re just fine, thanks.
It's good and bad news for Prime Sportsbook in Ohio. The operator had a record month for handle, $10M, which is really impressive and puts them in competition with Hard Rock. The bad news is they lost $583K and are down $417K overall since launch
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Kentucky will be the 1st state where serious bettors will have more than one (legal) sportsbook to bet at, with @CircaSports & @primesportsbook (Q1’25) both taking proper action
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“I guarantee, you will never overturn that law (PASPA)!” - @NFL counsel Jay Moyer, to me & @SportsLawProf during our panel at Nat’l Sports Law Conf a few years back. He also said he kept a copy of PASPA hanging on his wall.
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Tough to leave Vegas this time. #BetBash3, @CircaSports & @CircaLasVegas, the hundreds of bettors, bookies & a few legends. Youngins with theories and veterans with hard-tested wisdom. Gonna miss all of you, but gotta job to do, so back to OH & NJ, time to start taking bets. Hope.
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The good news for us today: @primesportsbook has a green light from Ohio to open up. So while @AdamBjorn2 is in the back firing up the engines, I’ll be pounding the Buckeye State’s streets looking for a few good bettors. Put yourself on the invite list at
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Honestly see this as a big flex for @FanDuel. Took a loss that would have closed most shops, kept on going. If you’re gonna be a “sports-Powerball” biz with the emphasis on parlays, better have the stones to hang in there on black-swan days.
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Today is the last NFL Sunday we’ll be on the sidelines, watching other shops take bets. Took me 15+ years to get to this moment, the calm before the storm with @primesportsbook. See you this Wednesday in Ohio.
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Prime Suspects from @primesportsbook at the hot Princeton v Penn hoops game, at the Palestra.
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For 10 years, our effort to overturn the federal ban on betting was deemed a threat to the integrity of the game by the NFL. Now, two active players will be regulars on a.Sportsbook’s betting show.
FanDuel announced Tuesday that Giants quarterback Daniel Jones, 49ers wide receiver Deebo Samuel, and four-time Super Bowl champion Rob Gronkowski will be regular weekly guests on FanDuel TV’s Up & Adams for Season 2, reports @AlTruda73.
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Hey, thanks. (You can probably guess which person is pulling down the class average).
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“Beards” at @CircaSports, looking inconspicuous. Half of this crew is making bets for @spanky.
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@BryanErikson Why is the assumption that it’s overbearing parents? Some of us have family that can’t make games, and some keep it for posterity. Also, for kids that want to watch themselves, to learn, why deny them that? I get that there are bad dads out there, but not all of them.
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GeoComply lost their patent infringement suit versus Xpoint. Congratulations to @Xpointtech on breaking the geolocation monopoly in online gaming.
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Getting my @spankodds tuned to they way I like it. First time in years I won't be on DB, but the folks who built & cared for it are long gone, plus @Spanky & company have already improved the model a good bit. Where are you getting your odds from?
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With @UnabatedSports and @spankodds there are two innovative alternatives to odds screens, so no excuses anymore that you have problems "reading the Matrix"
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@astraffon “80% of our odds come from our own people copying them from the DB screen. Only 20% comes from 3rd parties copying the DB screen.”.
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This is a huge one, please give the thread a read. You have companies & leagues charging significantly more for “official” data, but what do you do when they refuse to correct an error that costs their partners real money?.
Hope you had a good NFL day - can I borrow your attention, real quick?. In Saturday's Illinois St/Chicago St CBB game, Illinois St is up 75-67 when Josiah Strong is awarded two FT's. He makes both FT's. The score increments by ONE point. It is never corrected. Watch yourself:
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Yes, @AdamBjorn2 & I had some strong stuff to say about @novig_app in our @primesportsbook weekly podcast, but it was out of concern (for me at least) that a young company doesn’t get into hot water with regulators (& not for hiring @TMathSports)
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Speak for yourself, Jason. Winners will have a home, very soon 🤫.
"We want people to win, we just don't want professionals which is what any sportsbook would say," says @JasonDRobins $DKNG.
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@bettorsl There are. They’re called “House Rules”. Read them sometime, there’s no Tik Tok video for it.
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Send us shots of your arbs so we can showcase the "Arb of the Day" @primesportsbook . Let us know if you used a service (@oddsjam, @UnabatedSports, etc) or if you did it all on your own. Especially want the ones where we pay out. (cc @AdamBjorn2).
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@DavidPurdum I wish he was given a harsher sentence. Bettors have to be made to know, with no ambiguity, that they cannot do or say anything to athletes to affect their performance or retaliate when they lose a bet.
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Wow.
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Betting Twitter, you all are going to have to indulge me as my niece showed up for @umichwsoccer with a big goal vs OSU. #GoBlue.
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@DavidPurdum Stadium crowds have been in a social decline pretty steadily for decades. There's this notion that, "I paid my money, I can do what I want". And it's everywhere. Betting isn't the cause of that.
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Just a friendly reminder that MLB opposed overturning the federal ban all the way through the Supreme Court.
.@BetMGM announces the opening of its sportsbook at Nationals Park in Washington, D.C. The 4,000-square-foot sportsbook will be open year-round, feature 40 TVs and be open 7 days a week from 11 a.m. to midnight, per release. It is the first sportsbook at an MLB ballpark.
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Old school @SBRreview rumored to be the latest acquisition in the US affiliates land-grab. Quite a swing in letter grades, though, from yesterday to this morning
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Check your sportsbook dead pool > another one bites the dust. Superbook had decades of brand equity and some good people, but….
We regret to inform you that SuperBook Sports will no longer be accepting bets or deposits in the following states: AZ, CO, IA, MD, NJ, OH, TN & VA. Thank you for being a loyal customer of SuperBook Sports.
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Michael Lewis (or “Moneyball Mike” as @spanky dubbed him) talks with all the main characters in NJ’s successful fight to overturn the federal ban on legal sports betting
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Since we take sharp action, we know where the number should be. Those other shops know we know, too.
@Fanalysts_FR @primesportsbook @joebrennanjr Looks like it's starting to go toward Prime's number elsewhere. DK now at 50, as is Caesars, along with Circa and SuperBook. Others at 50.5.
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Attention NV sportsbooks: Deck Prism has the sharpest live betting feed for US sports - significantly faster & better than Sportradar, and it doesn’t need any official data from the leagues. Contact @EdMillerPoker to learn more (Made in Vegas).
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If I ever become president, I want these guys to do my White House portrait.
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We asked professional bettor, @UnabatedSports co-founder & players' advocate @capjack2000 if he'd share his thoughts & expertise on *reduced juice betting*. "Why the Juice Matters", by Capt. Jack Andrews. (*Jack wasn't compensated for this article).
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