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.
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.