BetMGM Launches Mobile Sports Betting in Virginia

888sport provides live sport odds for numerous events and fixtures, as they happen – every day. Stream sporting events and bet on the outcome as they unfold on our innovative betting site. If you’re out and about and don’t have access to a computer, you can still place bets on your tablet or mobile through using our handy Betting App. 888 Sport has launched it’s first-ever mobile sports betting platform in the United States of America. The company did so by expanding their sports operation in the state of New Jersey to include a mobile option. 888 Sport, the sports gambling arm of 888, is now the 7th provider of mobile sports betting in the state.

BetMGM Launches Mobile Sports Betting in Virginia

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Best-in-Class Sports Betting App Enters its 10th State

Mississippi sports betting is staying offline. Three bills aiming to expand MS sports betting to mobile platforms in the state died in committee this week. Mississippi was one of the first states to launch sports betting in 2018 but continues to be restricted to retail sportsbooks. Multiple mobile betting bills have failed in the years following legalization. New Hampshire Gov. Chris Sununu shows his receipt after placing the state's first legal sports wagering bet on his mobile phone at a sports bar in Manchester, N.H. New Hampshire has given. Arkansas has retail betting and Louisana voters approved sports betting in November 2020. In November and December, Tennessee brought in $5.4 million in taxes through its mobile betting. The ability to draw potential customers from neighboring states is dwindling, however. Multiple states legislatures are looking at legalizing sports betting. Virginia marks the 10th state where BetMGM's mobile sports betting offering is available. As BetMGM continues to expand to new areas, responsible gaming education remains a key focus. Online gaming and mobile sports betting will allow the three casinos to bring in some revenue during potential state-mandated closures in the months ahead. The MGCB says it’s likely that the first.

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JERSEY CITY, N.J., Jan. 27, 2021

JERSEY CITY, N.J., Jan. 27, 2021 /PRNewswire/ -- BetMGM launched its market-leading sports betting app in Virginia today, giving customers access to a wide variety of betting options, as well as benefits tied to MGM National Harbor in Maryland and MGM Resorts' iconic casino-resorts throughout the United States.

'We're ecstatic that BetMGM is one of the first mobile sports betting platforms to launch in Virginia,' said BetMGM CEO Adam Greenblatt. 'Virginians are passionate sports fans, and we're thrilled to provide them a user-friendly sports betting experience. BetMGM Virginia customers can earn benefits and will soon enjoy innovative experiences planned with MGM National Harbor in Maryland and the Washington Nationals.'

The BetMGM app gives Virginia sports fans the opportunity to customize pre-game, live in-play, futures and parlay wagers. The app's integration with MGM Resorts' M life Rewards program allows BetMGM customers to redeem their gameplay for world-class accommodations at MGM Resorts properties nationwide, including MGM National Harbor, MGM Grand, Bellagio and ARIA in Las Vegas, Borgata in New Jersey and Beau Rivage in Mississippi – among many more.

Jorge Perez, President & COO of MGM National Harbor, said, 'MGM National Harbor is the premier entertainment destination for the DC-Maryland-Virginia region, and the launch of the BetMGM app in Virginia gives our customers another great way to interact with our brand. We've got the DMV covered with a variety of entertainment options – whether at Nationals Park in D.C., our MGM National Harbor resort, or via the mobile app in Virginia. Additionally, should Maryland allow casinos to operate sports betting, MGM National Harbor stands ready to add this amenity.'

Today's announcement follows BetMGM's recently announced partnership with the Washington Nationals, which includes plans for opening a retail BetMGM sportsbook connected to Nationals Park. Scheduled to launch later this season, it will be BetMGM's first in-stadium sportsbook.

Virginia marks the 10th state where BetMGM's mobile sports betting offering is available. As BetMGM continues to expand to new areas, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. The BetMGM app is available for download in Virginia on bothiOS and Android, and accessible via desktop at www.betmgm.com. For more information, follow @BetMGM on Twitter.

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About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.

About MGM National Harbor
Located in an unrivaled setting, MGM National Harbor offers stunning panoramic views of the eastern shore of the Potomac River in Maryland. The $1.4 billion LEED® Gold Certified resort sits a short distance from Washington, D.C. to the north and historic sites, including George Washington's Mount Vernon estate across the river in Virginia. The 24-story, 308-room resort features premier amenities and experiences for locals as well as visitors from around the world including a dynamic two-level casino with over 160,000 square feet of space that includes slots, table games and poker; a world-class spa and salon; an entertainment theater with flexible seating for up to 3,000; high- end branded retail; 50,000 square feet of meeting space; and restaurants from renowned local, national and international chefs. MGM National Harbor is owned by MGM Resorts International (NYSE: MGM). For more information, visit mgmnationalharbor.com or follow on Facebook and Twitter.

Statements in this release that are not historical facts are 'forward-looking' statements and 'safe harbor statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including BetMGM's ability to grow in new or existing jurisdictions. Management has based forward-looking statements on current expectations and assumptions and not on historical facts. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the effects of economic and market conditions in the jurisdictions in which BetMGM operates, competition with other iGaming and sports betting platforms, the timing and costs of expanding in new jurisdictions as well as obtaining and maintaining the required permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions. In providing forward-looking statements, BetMGM is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

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SOURCE BetMGM

The bill sponsors that helped legalize sports betting in Virginia last year are a step closer to fixing a mistake in their legislation.

Both Sen. Jeremy McPike and Del. Mark Sickles submitted bills this year to clarify the cap on mobile sports betting licenses. SB 1254 and HB 1847 make it clear that the five allowed casinos should get mobile sports betting licenses that do not count against the mobile-only cap of 12 licenses.

The bills appear to have the support necessary to pass this year as both were handily passed by their respective chambers. HB 1847 is pending a hearing in the Senate General Laws and Technology committee. SB 1254 hasn’t been assigned to a House committee yet.

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The new legislation would expand the VA sports betting industry to as many as 17 mobile sportsbooks. The actual number of sportsbooks could be higher, as that figure doesn’t include any that launch through partnerships with major league sports franchises.

Virginia sports betting market still cloudy

FanDuel Sportsbook took many by surprise when it announced it would launch its Virginia sportsbook – and the state’s market in general – Jan. 21. That’s because the Virginia Lottery has handled the entire licensing process behind closed doors.

Virginia sports betting law states the lottery’s executive director must award at least four and at most 12 mobile-only sportsbooks. How many are awarded is based off director Kevin Hall‘s feel for what creates the best economic outcome.

So far, it appears just two of those licenses – BetMGM and DraftKings Sportsbook– have been awarded. Since the Lottery has shared nothing more than the fact 25 sportsbooks applied for licenses, we don’t know how many more to expect.

More information could be on its way, though. The Virginia Lottery meets Wednesday for an update on the launch of sports betting as well as initial regulations for the state’s recently-legalized casino industry.

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Who is already licensed in Virginia?

As of Tuesday morning, there were five approved sports betting operators listed on the Virginia Lottery’s website:

• BetMGM
• BetRivers (through Rush Street‘s casino license)
• DraftKings Sportsbook
• FanDuel Sportsbook (through a partnership with the Washington Football Team)
• William Hill (through Caesars‘ casino license)

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All but William Hill are live and accepting bets.