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Tiger Woods' win at Masters costs bookies $2 million loss

FanDuel Group, which ran a refund promotion tied to its fantasy product, said it lost $2 million when Woods secured his first major victory in more than a decade

Tiger Woods
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Tiger Woods celebrates after winning the 2019 Masters. Photo: Reuters

Eben Novy-Williams | Bloomberg
Tiger Woods’s historic Masters title, cheered by fans and celebrities around the world, was a big loss for sports books in Nevada and New Jersey.

FanDuel Group, which ran a refund promotion tied to its fantasy product, said it lost $2 million when Woods secured his first major victory in more than a decade. The Westgate Las Vegas SuperBook lost nearly $100,000, its worst result ever for the Masters, and William Hill U.S. lost “seven figures.”

“It’s great to see Tiger back,” said Nick Bogdanovich, director of trading at William Hill U.S. “It’s a painful day for William Hill -- our biggest

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