Here are the top sports and business stories on Tuesday, April 21. Sportsbooks don’t want you to bet on Joe Burrow going 1st in the NFl Draft. Some states are considering reopening. And power couple J-Lo and A-Rod put plans in place to buy the Mets.
Joe Burrow Number 1 Pick
The Cincinnati Bengals have the first pick in this year’s NFL Draft and LSU QB and reigning Heisman Trophy Winner Joe Burrow is such a heavy favorite, sports books are essentially making unprofitable for bettors to wager on Burrow coming off the board with the first pick.
MGM has set the odds at -10,000 and FanDuel set it at -100,000. Meaning if bettors want to win $100 and wager through MGM, they’d have to risk $10,000. If gambling on FanDuel, bettors would have to risk $100,000 just to win back $100.
Cincinnati is in desperate need for a quarterback and Burrow was the best passer in all of college football in 2019, ultimately leading his time to a victory in the National Championship.
The first round of the NFL Draft kicks-off on Thursday April 23 at 8:00 P.M. ET.
From Sports Illustrated: Why Is the NFL Drafting Now, When There Might Not Be Football for a Very Long Time?
A Coronavirus Update
There are over 2.5 million cases of the coronavirus worldwide with over 171,000 deaths.
The U.S. has over 788,000 cases, New York has over 251,000 cases of the virus and Spain has 200,000 cases.
And Italy, which has over 181,000 cases of the virus is now looking to start to ease the coronavirus lockdown on May 4, but the rollback will be cautious and calculated, warned the prime minister.
However, some states in the U.S. are looking to ease their lockdowns as soon as this week, with Georgia governor saying that as of this Friday some businesses--including tattoo parlors, hair stylists, nail salons, massage therapists.
And then next Monday, restaurants and private social clubs will be able to reopen their doors.
Governor Bill Lee of Tennessee said that he will let the safer-at-home order expire on April 30, meaning that many businesses will be able to reopen as of May 1.
And South Carolina Governor Henry McMaster announced the reopening of some department stores and beaches.
However, these openings will not be ‘business as usual’ and will adhere to social distancing guidelines.
From TheStreet: Jim Cramer: Economic Impact of Reopening States Will Take a Few Weeks to See
J-Lo and A-Rod Reportedly Interested in Buying the Mets
Former Yankees third baseman Alex Rodriguez and his fiancée Jennifer Lopez are reportedly interested in buying the New York Mets. According to a Variety report, A-Rod and J-Lo retained JPMorgan Chase to “raise capital for a potential bid.”
Current Mets owners Steve and Jeff Wilpon have been searching for potential buyers of the MLB franchise for the last few years but several deals have fell through, including one in the last six months to Billionaire Steve Cohen for an estimated $2.6 Billion.
Rodriguez’s former teammate Derek Jeter put up $25 million to buy 4% of the Marlins during a $1.2 billion purchase of the Miami MLB franchise in 2017.
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