Circa Sports is putting up an unprecedented $10 million in guaranteed prize money for its two $1,000-entry NFL handicapping contests.
A little more than two weeks before the NFL season opener, the downtown sportsbook is staring at a $7.2 million overlay.
Circa had 1,554 entries Monday in the Circa Million III, which needs 4,000 entries to meet its $4 million guarantee. The book had 1,237 entries in Circa Survivor, which needs 6,000 entries to meet its $6 million guarantee.
“We’re tracking at a good pace on the Circa Million. Historical data shows that we usually do 70 to 75 percent of the sign-ups in the last two weeks,” Circa sportsbook operations manager Jeff Benson said. “Circa Survivor will be a tall task to get to $6 million. It’s probably a little bit of an underdog to get to that number.
