BetMGM Archives - Legal Sports Report

Michigan Sports Betting Sees $115M Bet Online In 10 Days

We only have 10 days of data but online sports betting in Michigan looks ready to fight for a top-five spot in the US. Online MI sports betting handle was $115.2 million in the 10 days from launch on Jan. 22 through the end of the month, according to the state report released Wednesday. That […] Read More

Posted on: February 17, 2021 | | Matthew Waters

BetMGM Growing As Contender For Sports Betting Medal Stand

BetMGM went from being live in three states to start 2020 to 10 at the end of the year, with “sustainable” leadership positions. That’s according to MGM Resorts CEO Bill Hornbuckle, who gave the joint venture with Entain significant attention during MGM’s year-end earnings call Wednesday. BetMGM closed 2020 with $178 million in net revenue, […] Read More

Posted on: February 12, 2021 | | Matthew Waters

Why US Sportsbooks Couldn’t Handle Super Bowl 55 Traffic

Customers reported outages at regulated books across the country during Super Bowl 55, including BetMGM in Nevada, FanDuel and DraftKings. Read More

Posted on: February 8, 2021 | | Brad Allen

LSR Q+A: Jason Ader On Finding The Tesla Of Online Gambling

Renowned investor Jason Ader takes LSR through the options for his next SPAC and explains why MGM will ultimately end up with Entain. Read More

Posted on: January 29, 2021 | | Brad Allen

BetMGM Inks Partnership Deal With The Athletic For Sports Betting

Under the agreement, The Athletic will create a dedicated betting vertical known as The Athletic Betting Hub, with integrated odds from BetMGM. Read More

Posted on: January 28, 2021 | | Brad Allen

Secretive Virginia Sports Betting Rollout Trickles On With BetMGM Launch

BetMGM will join the top two US sports betting operators in the new Virginia market when the brand launches its mobile sportsbook this week. VA sports betting launched last Thursday – to the surprise of many – when FanDuel Sportsbook accepted the state’s first legal bet. Three days later, DraftKings Sportsbook went live Sunday afternoon […] Read More

Posted on: January 26, 2021 | | Matthew Waters

Which Sportsbook CEO Expects To Be ‘Dominant’ In Michigan Sports Betting?

Outgoing Entain CEO Shay Segev says the BetMGM brand has learned what works from successful launches in Tennessee and Colorado. Read More

Posted on: January 22, 2021 | | Brad Allen

MGM And Entain Recommit To BetMGM Despite Failed Takeover Talks

Entain shares fell 16% in London on news that MGM Resorts was ending its takeover efforts after two previously rejected offers. Read More

Posted on: January 19, 2021 | | Brad Allen

DC Sports Betting Could Become More Competitive With BetMGM Entry

Competition in and around the Washington DC sports betting market could ramp up as BetMGM announced an access agreement. BetMGM will offer retail and online sports betting through MLB‘s Washington Nationals. The multi-year exclusive partnership will include a sportsbook connected to Nationals Park and a mobile app permitted for use only in the immediate vicinity […] Read More

Posted on: January 12, 2021 | | Matthew Waters