New Jersey Sports Bets

 BETMGM IS GAINING MARKET SHARE ON FANDUEL AND DRAFTKINGS!

BETMGM IS GAINING MARKET SHARE ON FANDUEL AND DRAFTKINGS!

By Skip Charles in Vegas

BetMGM hopes to have a quarter of the US online sports betting market by 2026, according to an investor presentation from CEO, Adam Greenblatt.

Greenblatt revealed the sportsbook – co-owned by Entain and MGM Resorts International – is likely to hit the top end of its revenue guidance for 2023, ranging between $1.8 billion-$2 billion.

Having already achieved profitability in 2023, BetMGM is also expected to be self-funding from 2024 onwards. A positive EBITDA of $500 million is expected to be achieved by 2026, underpinned by its growing market share.

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