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BetMGM has raised its 2022 revenue outlook with U.S. Sports betting taking off

January 20, 2022 16


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BetMGM has raised its 2022 revenue outlook with U.S. Sports betting taking off

BetMGM has raised its 2022 revenue outlook with U.S. Sports betting taking off

BETMGM has raised their projection from $1 billion to $1.3 billion in what they expect in core profit in the sports betting & iGaming market. BetMGM said it was gaining market shares to hit the long term goal of 20%-25% of the sports betting and iGaming market.

BETMGM is the No. 2 operator for sports betting and iGaming in the US, and is challenging Flutter to be the top player in the American Market. Flutter is expected to invest another $450 million in 2022.

Bet MGM’s expected revenue is about $850 million for 2021 which is up nearly 5 times from 2020.

BetMGM raises 2022 revenue outlook as U.S. sports-betting takes off By Yadarisa Shabong

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