According to Entain, BetMGM, its joint venture with MGM Resorts International, rose to become the number two operator for sports betting and iGaming in the US in the last three months.
Meanwhile, Entain expects that earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year 2021 will range from $1.18 bn to $1.25 bn. This exceeds current expectations.
According to a Q2 2021 trading update, BetMGM increased its overall share of the US iGaming market to 29% between April 1 and June 30. It was up from 23 percent in Q1. The JV held a 24 percent stake in markets where BetMGM operates, up from 19 percent in mid-April.