This is a year when the coronavirus pandemic consumed most of the headlines. The impacts have been felt on a global scale. For the most part, those impacts have been negative. One entity not on that list is real money online casinos. Recently, the latest gambling news is that BetMGM online casino is up and running in West Virginia.
Even after the land-based venues reopened for business in the summer months, online gaming has remained hot. One major Las Vegas company taking full advantage of the situation is MGM Resorts International.
When Will BetMGM Online Casino Be Up And Running In West Virginia?
Together with GVC Holdings, they formed a joint venture called Roar Digital. The prominent online casino brand created was BetMGM. The latest BetMGM online gaming market is West Virginia. The initial launch of the online site will feature 30 different casino games.
BetMGM Casino offers an app that can be downloaded on both iOS and Android devices. It features an extensive game line-up. The popular jackpot slot “MGM Grand Millions” is included on the list. The game uses famous Las Vegas icons as its symbols.
New Jersey has been offering online casino sites as one of BetMGM’s primary markets.
Pending regulatory approval, the site is preparing to also rollout in Pennsylvania and Michigan in the coming months.
Adam Greenblatt is the CEO for BetMGM. As far as expansion into West Virginia, he stated:
“With the largest slate of casino games in the state, we’re confident that our superior offering will quickly become the online gaming destination of choice.”
BetMGM added VSiN as a strategic partner in its expansion plans. This is a leading sports betting network. The plan is to launch a sports betting show called Betting Across America. VSiN will broadcast the show as part of a multi-year agreement.
Betting Across America will be streamed live from BetMGM sportsbooks. It will also be a studio broadcast across the entire US market. Part of the presentation will cover sports betting data and analytics.
The expansion of legal sports betting outside of Nevada has been rapid the last few years. New Jersey led the way following a favorable US Supreme Court decision ruling with state’s rights in May, 2018. Other markets quickly opened in Delaware, Pennsylvania, West Virginia and Mississippi.
Today, roughly 18 different states plus Washington D.C. offer some form of legal sports betting. The legislative process to legalize sports betting in a number of other states is underway. By 2021, it is possible that half the states in the US will offer legal betting on sports and sporting events.
MGM Resorts recognizes the overall market potential. This has led to more investment capital in its current partnership with GVC Holdings. The total amount has now reached $450 million. Launched in 2018, the opening round of investment was $200 million. The goal is expansion into 11 states by the end of the year.
BetMGM is expected to generate more that $130 million in revenue in 2020. The biggest chunk is from iGaming in New Jersey. Long-term projections top $8.5 billion by 2025.
• Source: MGM Resorts’ BetMGM Unveils Online Casino in West Virginia From News.yahoo.com On August 28, 2020.