![]() market is shaping up to be even larger and more exciting than we originally envisaged, and we now believe it will be worth $32 billion, including Canada. "BetMGM has demonstrated strong momentum, building a leading position in iGaming and on track to be the number two operator across sports betting and iGaming in the U.S.," said Adam Greenblatt, Chief Executive Officer of BetMGM. The investment by MGM Resorts and Entain this year is expected to be approximately $450 million, incremental to the $210 million already invested until the end of 2020įurther details will be presented at the investor day event.BetMGM expects to achieve $1 billion of net revenue from operations in 2022.With continued strong momentum in its business, BetMGM now expects that, as a leading operator, it will drive long-term market share of approximately 20% - 25% in the U.S.and Canada to be approximately $32 billion As such, BetMGM now expects the total long-term addressable market in the U.S. Sports betting & iGaming continues to accelerate across North America.in iGaming with a market share of 23% over the three months ended February 2021, and is on course to take the number two spot in U.S. BetMGM is the number one market leader across the U.S.As part of the investor day, BetMGM announces the following:
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