BetMGM

TheLines.com: NFL Week 18 a challenge for oddsmakers, bettors

Published

3 years ago

January 4, 2022

NFL’S FIRST-EVER WEEK 18 WILL PROVIDE CHALLENGES FOR ODDSMAKERS THAT ARE UNIQUE TO THE SEASON’S FINAL WEEK, ACCORDING TO THELINES.COM

(LAS VEGAS) — The majority of playoff berths are clinched ahead of NFL’s first-ever Week 18, which can make games more unpredictable than a typical slate of games, according to TheLines.com, which tracks odds in the U.S. regulated sports betting market.

Week 18 games with playoff ramifications, though, can be more dependable for oddsmakers. The Dallas Cowboys at Philadelphia Eagles, Kansas City Chiefs at Denver Broncos, the San Francisco 49ers at Los Angeles Rams, and the win-or-go-home Los Angeles Chargers at Las Vegas Raiders are among those featuring teams fighting for their playoff lives or have significant seeding implications. Three of those games offer a spread of 5.5 points or less, according to a consensus of that nation’s largest legal online sportsbooks — including DraftKings, FanDuel, BetMGM, BetRivers, Caesars, and PointsBet.

“The final week, in particular, brings a level of uncertainty not seen in any other week because the motivation for teams out of the playoff race is uncertain, and the top teams often rest their best players,” said Brett Collson, lead analyst for TheLines.com. “Games with playoff implications tend to be more dependable, but even then you never quite know how teams respond to playing for their postseason lives. It’s uniquely challenging — and fun — for oddsmakers and bettors.”

The consensus point spreads for Week 18 games, as of Monday, Jan. 3:

European Gaming Congress 2024 (Warsaw, Poland)

Kansas City Chiefs (-10) at Denver Broncos; over/under 44.5
Dallas Cowboys (-2.5) at Philadelphia Eagles; over/under 41.5
Cincinnati Bengals at Cleveland Browns (-2.5); over/under 44
Green Bay Packers (-11) at Detroit Lions; over/under 46.5
Chicago Bears at Minnesota Vikings (-3.5); over/under 44.5
Washington Football Team (-6.5) at New York Giants; over/under 38.5
Indianapolis Colts (-15.5) at Jacksonville Jaguars; over/under 44
Pittsburgh Steelers at Baltimore Ravens (-4.5); over/under 42
Tennessee Titans (-10.5) at Houston Texans; over/under 43
New Orleans Saints (-4.5) at Atlanta Falcons; over/under 40
New York Jets at Buffalo Bills (-16.5); over/under 45
New England Patriots (-5.5) at Miami Dolphins; over/under 40
Carolina Panthers at Tampa Bay Buccaneers (-9.5); over/under 42.5
San Francisco 49ers at Los Angeles Rams (-5.5); over/under 44.5
Seattle Seahawks at Arizona Cardinals (-6.5); over/under 48
Los Angeles Chargers (-3) at Las Vegas Raiders; over/under 48.5

BetMGM

Octoplay Launches Jackpot Blitz with BetMGM in Ontario, Accelerating North American Expansion

Published

1 day ago

May 6, 2025

GamingAmericas.com

octoplay-launches-jackpot-blitz-with-betmgm-in-ontario,-accelerating-north-american-expansion

Octoplay continues its expansion in North America by launching Jackpot Blitz with BetMGM in Ontario, building on the company’s continental growth strategy following its Michigan provisional license approval.

This strategic launch builds on the growing momentum with BetMGM, marking a significant milestone in Octoplay’s North American expansion, introducing the bespoke opt-in jackpot solution built in collaboration with BetMGM. The decision to expand the partnership with BetMGM demonstrates the strong relationship between the companies and sets a strong foundation for Octoplay’s continued growth across North America.

The Ontario launch builds on Octoplay’s rapid market entries over recent months, including Microgame’s network of 50 operators in Italy, Slovakia’s leading operator Niké, and Sweden’s state-owned Svenska Spel Sport&Casino. With active licenses in the UK, Sweden, Malta, Greece, Romania, Slovakia, Italy, and Belgium, Octoplay continues its accelerated expansion across both European and North American markets.

Jackpot Blitz has achieved a remarkable 88% player opt-in rate since launch. This performance, combined with BetMGM’s extensive player base, sets a strong foundation for Octoplay’s North American growth as the company prepares for launches in Michigan and additional US states in 2025.

“The launch of Jackpot Blitz with BetMGM in Ontario accelerates our North American expansion plans,” says Carl Ejlertsson, CEO at Octoplay. “Our strong partnership with BetMGM has enabled us to bring this innovative product to their Ontario players. With our proven track record of collaboration with top tier gaming operators like BetMGM, we’re ideally positioned to drive significant growth together in regulated markets across North America.”

Oliver Bartlett, VP of Gaming Product & Content at BetMGM, said: “Ontario is a key iGaming market for BetMGM, and adding Jackpot Blitz strengthens our vast collection of games. Octoplay is part of our strategy to collaborate with top-tier partners to bring the best content to our players.”

As Octoplay prepares for its Michigan launch in 2025, followed by entries into additional US states, this expansion with BetMGM represents another milestone in the company’s accelerated growth. The partnership reinforces Octoplay’s momentum as the company continues its rapid advancement in North America.

The post Octoplay Launches Jackpot Blitz with BetMGM in Ontario, Accelerating North American Expansion appeared first on Gaming and Gambling Industry in the Americas.

Adam Greenblatt Chief Executive Officer of BetMGM

BetMGM 1Q 2025 Business Update

Published

1 week ago

April 30, 2025

GamingAmericas.com

Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025

BetMGM LLC , one of the leading sports betting and iGaming operators across North America, jointly owned by Entain plc and MGM Resorts International, is providing an update on its 1Q 2025 performance.

BetMGM’s strong momentum from 2H 2024 continued during 1Q 2025, driven by its leading iGaming offering and strengthened sports product, and refined approach to player management
1Q Net Revenue up +34% YoY with strong growth across both iGaming (+27%) and Online Sports (+68%)
Positive 1Q EBITDA and underlying trends reaffirm confidence that FY 2025 will be EBITDA positive¹

Adam Greenblatt, Chief Executive Officer of BetMGM, commented:

“2025 is off to an encouraging start for BetMGM as we execute our revised strategic plan. The momentum we built in the second half of 2024 continued into the first quarter as we implement our powerful iGaming strategy, enabling us to grow faster than the market and at scale. In Online Sports, we are elevating our brand and delivering improved performance, even in the face of unfavorable sports outcomes during key moments in the quarter. As we approach May, we remain confident in achieving full year positive EBITDA in 2025, supported by solid underlying activity trends and our successful delivery of positive EBITDA in the first quarter.”

1Q 2025 Key Financial Highlights

1Q 2025 BetMGM Financial Summary^1,2,3
	Three months ended March 31
_{$ millions, unless otherwise noted}	2025	2024	YoY Change
Net Revenue
iGaming	$443	$348	+27%
Online Sports	$194	$116	+68%
Handle	$4,088	$3,174	+29%
GGR Hold %	8.2%	8.7%	(50)bps
NGR Hold %	4.8%	3.6%	+110bps
Retail / Other	$20	$26	(22)%
Total Net Revenue	$657	$489	+34%
Contribution	$116	($38)	+$153
EBITDA	$22	($132)	+$154
Average Monthly Actives (thousands)⁴	1,067	1,009	+6%

Financial Highlights

1Q Net Revenue of $657 million, up +34% YoY, continuing acceleration with strong underlying player engagement metrics
- iGaming Net Revenue up +27% YoY driven by leading iGaming offering
- Online Sports Net Revenue up +68% YoY demonstrating strengthened product offering, expansion of NGR margin, and enhanced player engagement
  - Handle up +29% YoY⁵
  - NGR margin improvement of +110 bps YoY
- Average Monthly Actives up +6% YoY, reflecting significant growth in iGaming players, partially offset by improved OSB approach to player segmentation and management
1Q EBITDA of $22 million (up $154 million YoY), with iGaming Contribution of $133 million and positive Contribution from Online Sports
- 1Q EBITDA benefited from one-time accounting items offset by the impact of customer friendly sports results
Continued stabilization of GGR market share in active markets with iGaming (22%) and Online Sports (8%), further cementing BetMGM’s podium position in the market^6,7
$150 million revolving credit facility remains undrawn

Operational highlights

Market leading iGaming offering
- 1Q Average Monthly Actives up +43% reflecting our leading iGaming offering and focused marketing investment
- Active Player Days up +39% YoY driven by unique and exclusive content across both real-money and free-to-play engagement games⁸
- Improved cross-sell engagement with +13 ppt YoY increase in percent of Online Sports players playing iGaming⁹
Strengthened Online Sports product coupled with focus on premium mass players and improved engagement
- Broader market range, improved pricing and enhanced parlay offering contributed to strong gains in player economics and activity metrics
  - Growth of +4.8 ppt in parlay bet mix (inclusive of SGPs)¹⁰
  - Bets per Active increased +28% YoY¹¹
Refined approach to player retention with improved segmentation and promotional strategy
Handle per Active up +37% YoY¹²
Active Player Days up +20% YoY

Outlook

BetMGM’s year-to-date performance provides increased confidence in exceeding guidance, however we remain mindful it is still relatively early in the year. As such, we reaffirm our expectations for FY 2025 to be EBITDA positive, and Net Revenue guidance of $2.4 billion to $2.5 billion
- Reiterated expectations of Online Sports to be Contribution positive for FY 2025
Reaffirmed confidence in BetMGM’s pathway to $500 million EBITDA in the coming years

The post BetMGM 1Q 2025 Business Update appeared first on Gaming and Gambling Industry in the Americas.

BetMGM

BetMGM Poker Championship Returns to ARIA Resort & Casino in Las Vegas June 30 – July 4

Published

2 weeks ago

April 24, 2025

GamingAmericas.com

betmgm-poker-championship-returns-to-aria-resort-&-casino-in-las-vegas-june-30-–-july-4

BetMGM, a leading sports betting and iGaming operator, announced the BetMGM Poker Championship returns to ARIA in Las Vegas Monday, June 30 to Friday, July 4, highlighting the ARIA Poker Classic Summer Series. The no-limit hold ‘em tournament has a $3,500 buy-in and offers participants a $3 million guaranteed prize pool. For the fourth consecutive year, the BetMGM Poker Championship will begin in ARIA’s Poker Room and conclude with a live-streamed Final Table at the PokerGO Studio. The ARIA Poker Classic runs May 29 through July 13 with the full schedule available at ARIA Poker on X.

“BetMGM’s relationship with MGM Resorts is our differentiator and the BetMGM Poker Championship presents a unique opportunity to connect our online players with one of the premier properties and events that Las Vegas has to offer. We are preparing to use our brand ambassadors – Darren Elias and Abby Merk – as well as our media partners, to engage with the poker community in new ways throughout the summer,” said Angus Nisbet, VP of Gaming at BetMGM.

Online qualifiers for the BetMGM Poker Championship run at 9:15 p.m. EST every Thursday and Sunday through Sunday, June 22. More than 100 players from BetMGM Poker markets including New Jersey, Michan, Pennsylvania, and Ontario (Canada) will win BetMGM Poker Championship packages that include a $3,500 Championship entry, a five-night stay at ARIA, travel credit, and a BetMGM swag bag. A full online qualifier schedule is available at BetMGMPoker.com.

Ryan Kirk, ARIA’s Director of Poker Operations, said: “ARIA has long been recognized as the epicenter of poker in Las Vegas and we’re proud, once again, to host the BetMGM Poker Championship during our ARIA Poker Classic. This event continues to raise the bar, bringing together the prestige of our world-class poker room with BetMGM’s innovative online platform. We look forward to welcoming players from across North America to experience the energy, excitement and hospitality that ARIA delivers.”

The post BetMGM Poker Championship Returns to ARIA Resort & Casino in Las Vegas June 30 – July 4 appeared first on Gaming and Gambling Industry in the Americas.