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New Jersey Sportsbook to pay out bets that Lamar Jackson will win MVP

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With six games remaining on the 2019 regular season schedule, a New Jersey Sportsbook announced they will be immediately paying out all bets placed on Lamar Jackson to win the MVP award

Houston Texans v Baltimore Ravens Photo by Patrick Smith/Getty Images

PointsBet, a New Jersey sportsbook offering online and mobile betting released a statement on Wednesday advising customers to expect payout on any bets placed on Lamar Jackson to win MVP.

“We’ve really enjoyed watching Lamar Jackson make the impossible look easy every Sunday,” said PointsBet USA CEO Johnny Aitken, in a statement. “Considering some of his recent performances and looking ahead at the Ravens remaining schedule, it’s pretty clear to us that Lamar is simply a freight train that won’t be stopped. He is steaming toward well-deserved NFL MVP honors as he racks up the yards, rewrites the record books and redefines the quarterback position. Given that, we think it’s only fair to reward all of our clients who had the foresight to place their bets on the right long shot.”

Jackson, once seen as a long shot for the award, is now the odds-on favorite across all sportsbooks thanks to an already historic season. Over the summer you could have placed a bet at 75-1 odds, which has dwindled down week by week to the current odds of +130.

With PointsBet leading the charge, it will be interesting to see if other outlets follow suit. It is a clever marketing scheme to get ahead of the inevitable in hopes that customers will in turn use that money to bet on the remainder of the 2019 season.

This development speaks volumes to where oddsmakers currently view Jackson in terms of the MVP race. Russell Wilson’s odds closely trail Jackson, but it is hard to deny the performance and hype that follows Jackson with his weekly highlight reel. While Wilson is putting up impressive numbers, we have seen this kind of performances in years past. Last season, Aaron Rodgers put up similar numbers with an impressive touchdown to interception ratio, only to lose out on the award to Patrick Mahomes and his historic season. This year feels similar as Jackson is doing things on the field that we have never seen before and has the Ravens operating as the best team in the league.