A leading fantasy sports and sports betting company has been honored with the “Heavy Hitter” award from Benzinga, in the first-ever Titans Sports Betting conference.
What’s A Heavy Hitter? The Heavy Hitter Award is reserved for companies who’ve demonstrated material market share gains, competitive advantages and strategic acclaim. A jury evaluated key criteria including financials, innovative spirit, M&A and compliance.
The Decision: BetMGM, the exclusive sports betting partner to MGM Resorts International MGM, was selected for its leadership in online sports betting and iGaming across the U.S. and other territories.
BetMGM posted a strong first-quarter showing and is on track for profitability later in 2023.
The platform is active in 12 U.S. jurisdictions and expects to be live in 20 jurisdictions within the next 12 months, reaching 40% of the U.S. population and 20-25% of the total market share.
BetMGM is number one in U.S. iGaming and top three in online sports betting.
The company has also demonstrated a penchant for innovation, with ongoing optimizations and a deep understanding of the importance of user experience, with a player-centric platform.
Benzinga congratulates the BetMGM team for their efforts in bringing differentiation through on-property experiences and for their strong national brand awareness, increased by the company’s partnerships.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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