BetMGM Launches Mobile Sports Betting in Virginia
- Lastly, we discuss why live sports OTT is a unique opportunity and why we think FuboTV is positioned well for free-to-play fantasy games and sports betting. The main argument against FuboTV is the.
- Global betting is exploring both domestic & international online sportsbooks + betting exchanges, which you can legitimately access from your jurisdiction. Our edge is to make the best use of advantage gambling/play to make money reliably from global sports betting.
- Global Online Sports Betting Market Research Report carries in-depth case studies on the various countries which are involved in the Online Sports Betting Market. The report is segmented according.
- The “Sports Betting (Global) – Industry Report” has been added to ResearchAndMarkets.com’s offering. This report provides a detailed overview of the global sports betting market.
Global Sports Betting Market Trends. Online betting was brought into the sports industry in the late 1990s and has been growing significantly since then. With the emergence and high penetration of the digital platform, punters have the flexibility in placing bets on sports from any part of the world.
Best-in-Class Sports Betting App Enters its 10th State
JERSEY CITY, N.J., Jan. 27, 2021
JERSEY CITY, N.J., Jan. 27, 2021 /PRNewswire/ -- BetMGM launched its market-leading sports betting app in Virginia today, giving customers access to a wide variety of betting options, as well as benefits tied to MGM National Harbor in Maryland and MGM Resorts' iconic casino-resorts throughout the United States.
'We're ecstatic that BetMGM is one of the first mobile sports betting platforms to launch in Virginia,' said BetMGM CEO Adam Greenblatt. 'Virginians are passionate sports fans, and we're thrilled to provide them a user-friendly sports betting experience. BetMGM Virginia customers can earn benefits and will soon enjoy innovative experiences planned with MGM National Harbor in Maryland and the Washington Nationals.'
The BetMGM app gives Virginia sports fans the opportunity to customize pre-game, live in-play, futures and parlay wagers. The app's integration with MGM Resorts' M life Rewards program allows BetMGM customers to redeem their gameplay for world-class accommodations at MGM Resorts properties nationwide, including MGM National Harbor, MGM Grand, Bellagio and ARIA in Las Vegas, Borgata in New Jersey and Beau Rivage in Mississippi – among many more.
Jorge Perez, President & COO of MGM National Harbor, said, 'MGM National Harbor is the premier entertainment destination for the DC-Maryland-Virginia region, and the launch of the BetMGM app in Virginia gives our customers another great way to interact with our brand. We've got the DMV covered with a variety of entertainment options – whether at Nationals Park in D.C., our MGM National Harbor resort, or via the mobile app in Virginia. Additionally, should Maryland allow casinos to operate sports betting, MGM National Harbor stands ready to add this amenity.'
Today's announcement follows BetMGM's recently announced partnership with the Washington Nationals, which includes plans for opening a retail BetMGM sportsbook connected to Nationals Park. Scheduled to launch later this season, it will be BetMGM's first in-stadium sportsbook.
Virginia marks the 10th state where BetMGM's mobile sports betting offering is available. As BetMGM continues to expand to new areas, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. The BetMGM app is available for download in Virginia on bothiOS and Android, and accessible via desktop at www.betmgm.com. For more information, follow @BetMGM on Twitter.
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.
About MGM National Harbor
Located in an unrivaled setting, MGM National Harbor offers stunning panoramic views of the eastern shore of the Potomac River in Maryland. The $1.4 billion LEED® Gold Certified resort sits a short distance from Washington, D.C. to the north and historic sites, including George Washington's Mount Vernon estate across the river in Virginia. The 24-story, 308-room resort features premier amenities and experiences for locals as well as visitors from around the world including a dynamic two-level casino with over 160,000 square feet of space that includes slots, table games and poker; a world-class spa and salon; an entertainment theater with flexible seating for up to 3,000; high- end branded retail; 50,000 square feet of meeting space; and restaurants from renowned local, national and international chefs. MGM National Harbor is owned by MGM Resorts International (NYSE: MGM). For more information, visit mgmnationalharbor.com or follow on Facebook and Twitter.
Statements in this release that are not historical facts are 'forward-looking' statements and 'safe harbor statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including BetMGM's ability to grow in new or existing jurisdictions. Management has based forward-looking statements on current expectations and assumptions and not on historical facts. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the effects of economic and market conditions in the jurisdictions in which BetMGM operates, competition with other iGaming and sports betting platforms, the timing and costs of expanding in new jurisdictions as well as obtaining and maintaining the required permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions. In providing forward-looking statements, BetMGM is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.
View original content to download multimedia:http://www.prnewswire.com/news-releases/betmgm-launches-mobile-sports-betting-in-virginia-301215978.html
LONDON--(BUSINESS WIRE)--The sports betting market is expected to grow by USD 144.44 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
The popularity of sports events such as NFL, FIFA, UEFA Champions League, and others has grown significantly over recent years. High-profile sports such as soccer, baseball, and cricket attract massive consumer and media interest, which is increasing sponsorship deals for players, clubs, associations, and owners. Besides, sports organizations are increasing their spend on marketing and promotional activities to attract viewers. Also, several sports betting companies rank among top sponsors of sports teams in the world. This is crucial in developing the brand equity of vendors. Therefore, increasing commercialization of sports events will have a positive influence on the growth of the global sports betting market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40575
As per Technavio, the legalization of sports betting will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Sports Betting Market: Legalization of Sports Betting
Sports betting is legal in a few states of the US, the UK, Denmark, Italy, and other European countries. Several governments across the world are also legalizing online gambling and sports betting, which is providing new growth opportunities for market vendors. For instance, in September 2016, the Government of Singapore relaxed laws related to online gambling, after which the popularity of sports betting increased significantly in the country. Similarly, in November 2019, the Government of California announced its plans to legalize sports betting throughout the state. This trend is expected to boost the growth of the global sports betting market during the forecast period.
“Emergence of machine learning in sports betting and the increasing popularity of e-sports tournaments will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Sports Betting Market: Segmentation Analysis
This market research report segments the sports betting market by Platform (Offline and Online) and Geography (North America, APAC, Europe, South America, and MEA).
The APAC region led the sports betting market in 2019, followed by Europe, North America, MEA, and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing presence of digital platforms and the adoption of online betting.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Some of the key topics covered in the report include:
Dh poker for laptop. Geographic Segmentation
Global Sports Betting Pretoria
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
Global Sports Betting Software Market
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.