With the recent legalization of online betting and gambling in many states across the US (Delaware, Nevada, New Jersey, Pennsylvania, West Virginia to name a few) alongside many other large states such as New York who have also passed legislation to legalize online betting soon. BetMGM has been able to capitalize off this by quickly dominating the online betting market with great promotions and a massive selection of casino games and sportsbooks.
Get The App
BetMGM has released their online casino app for mobile phones which can be downloaded for IOS on the iTunes App Store and for Android on the Google Play Store. The app has a huge range of casino games such as slot machines, blackjack and roulette as well as allowing for live betting on sports games such as the NFL or NBA and many more.
BetMGM is a trusted and legal online casino and even offers a free $25 free play bonus when you sign up. BetMGM is very user friendly for those just getting started in the online casino and betting world.
Filling The Gap in The Market
The Chief Executive Officer of BetMGM, Bill Hornbuckle has stated that he sees a very bright future for the company. BetMGM has managed to increase its revenue from a whopping $5.2 million to a staggering $45.9 million from the companies second quarter of 2020 through to June 30th, 2021.
BetMGM is the second largest in the marketplace in the United States in terms of the company’s market share across online casino as well as online sports betting. BetMGM is certainly heading in the right direction to be number one in the US for online sports betting and online casinos.
The company has time supply and demand perfectly, with only a few states being legal to bet and gamble online, BetMGM has quickly entered and dominated the market, making them a likely choice for users in other states when they legalize online betting and casinos.
BetMGM has managed to reach a wide audience, where fans and technology collide. The younger audience make up the majority when it comes to online sports betting and casinos, but many older people are getting into it as well and learning the ropes.
Cloudy with a chance of money
BetMGM has predicted a forecast of around $1 billion in revenue for the year 2022. BetMGM plan on having coverage of around 20 states in the US. This would cover around 40% of the United States adult population.
With revenues of $163 million in the first quarter of 2021 which is almost the entire 2020 takings it is looking like BetMGM could be in with a good chance of soaring to number one in the US and completely dominating the online betting and casino market.
Expect to see big things from BetMGM and their online casino app in the next few years. With untapped markets in both the US and Canada, BetMGM are sure to quickly rise to the number one spot.