College Basketball Crown
Anything happening for the first time ever is bound to hit some snags, but we didn’t really expect any from a betting standpoint for the College Basketball Crown. However, that appears to be a major development in the sports betting world. CBC betting is only being allowed in certain jurisdictions, as gaming regulators have told sportsbooks in several states to take the odds down.
DraftKings Sportsbook confirmed it has taken down the betting odds across their entire network of states.
Circa Sports, one of the sponsors of the event, is still taking bets in Nevada, Iowa, Colorado and Kentucky, but was asked to pull them down in Illinois.
I jumped on a segment with Mitch Moss and Pauly Howard on Follow The Money shortly after a VSiN listener who goes by @bertwedemeyer31 on X alerted us that DraftKings and Fanduel had taken down all CBC games.
A Ohio resident on X, @rzrbladesports, said that their bets at Prime Sportsbook were voided and all of the other sportsbooks in the Buckeye State pulled the game lines.
We had seen significant betting action on the Over for each one of the College Basketball Crown games on Monday and the Utah vs. Butler game came through, finishing with 170 points and a total of 158.5. The final game of the night between Georgetown and Washington State has moved as much as eight points on the total and the Nebraska vs. Arizona State game had moved upward of seven points.
However, that is not why the games were pulled off the board, as we saw a similar development in the NIT and CBI.
One possible reason: The College Basketball Crown is the first tournament of its kind to have a financial prize for its winners. This is a NIL-based event, with the champion taking home $500,000 in prize money through a “NIL package.” The runner-up gets $300,000, while the third and fourth-place teams get $50,000.
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