Casino & games

BetMGM Q1 revenue reaches 90% of 2020 total as JV aims for $1bn by 2022

| By Nosa Omoigui
Online sportsbook BetMGM recorded revenue of $163m for the first three months of 2021 – 90% of its entire 2020 total.
BetMGM posts $163m revenue

At an investor day event, the MGM-Entain joint venture announced it posted net revenue of $178m for the entirety of last year, but it appears set to eclipse that total by early Q2.

Looking further ahead, the operator forecast annual revenue of over $1bn 2022 with a 20-25% US market share of a market it estimates to be worth $32bn.

Read the full story on iGB North America.

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