BetMGM: Impressive Growth, Global Expansion, and US Dominance in Sports Betting and Casino Apps

Introduction

BetMGM, a leading sports betting and casino app company owned by MGM Resorts and Entain, has experienced remarkable success in recent years. In 2023, the company reported a staggering $1.96 billion in revenue, representing a significant 36% increase from the previous year.

Expansion in Ontario, Canada

BetMGM has also made significant strides in the Canadian market, particularly in Ontario. The company captured 22% of the online gambling market share in the province, operating through its BetBGM and LeoVegas casinos. Both of these platforms are licensed by the UK Gambling Commission (UKGC).

Global Reach

In addition to its success in Canada, BetMGM's partner, LeoVegas, has expanded its presence across various international markets. With licensing from the Malta Gaming Authority (MGA), LeoVegas operates in Europe, North America, South America, Oceania, Africa, and India's iGaming markets. While our focus is primarily on the Canadian, South African, New Zealand, Australian, and Indian markets, LeoVegas offers a diverse range of online gambling options, including live casinos, sportsbooks, virtual table games, and online slots.

Penetration in the US Market

BetMGM has made significant strides in the United States, reaching players in 28 states and capturing the attention of half of American adults. In 2023, the app expanded its operations to Ohio, Massachusetts, Kentucky, and Puerto Rico, further solidifying its position as a dominant player in the US sports betting and casino app market.

Conclusion

BetMGM's impressive financial performance, expansion in international markets, and penetration in the US market demonstrate its position as a leading player in the sports betting and casino app industry. With its diverse range of offerings and widespread reach, BetMGM continues to attract a large customer base and solidify its presence in the global gambling market.