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home / news releases / MGM - Sports betting revenue forecast to skyrocket as more states approve

MGM - Sports betting revenue forecast to skyrocket as more states approve

MGM Resorts International
Hirurg/iStock via Getty Images Eilers & Krejcik Gaming is out with a detailed report on sports betting. The firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports betting bills pending. Total sports betting revenue in the U.S. this year to date is estimated at $1.24B to mark 360% Y/Y growth. Eilers & Krejcik Gaming forecasts revenue of $19.0B if all 50 states legalize sports betting. Flutter Entertainment's (PDYPY) is the leading sports betting operator in five states (Illinois, Pennsylvania, New Jersey, Virginia and West Virginia) over a trailing three-month period. DraftKings (DKNG) is leading in Indiana, Iowa and New Hampshire, while BetMGM (MGM) is in first in Michigan, Colorado and Tennessee. Caesars Entertainment's (CZR) William Hill leads in Nevada. A large list of companies could potentially

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Sports betting revenue forecast to skyrocket as more states approve
Stock Information
Company Name: MGM Resorts International
Stock Symbol: MGM
Market: NYSE
Website: mgmresorts.com
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