BetMGM Launches Mobile Sports Betting in Kentucky

Rhea-AI Summary

BetMGM launches online mobile sports betting app in Kentucky, plans to open retail sportsbook in partnership with Revolutionary Racing in Ashland this fall.

Positive

• BetMGM expands into Kentucky with online sports betting app, offering a wide variety of betting options and experiences at MGM Resorts properties.
• BetMGM to open a 5,200-square-foot retail sportsbook in Ashland, Kentucky, in partnership with Revolutionary Racing at Sandy's Racing & Gaming.
• Construction of Kentucky's first quarter horse racetrack and equestrian center to follow on adjacent land with the first races scheduled for 2025.

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• None.

Retail sportsbook in partnership with Revolutionary Racing coming to Ashland this fall

JERSEY CITY, N.J., Sept. 28, 2023 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, launched today its online mobile sports betting app in Kentucky, giving customers in the Bluegrass State access to a wide variety of betting options as well as the opportunity to earn experiences at MGM Resorts' properties nationwide.  

"Kentucky is home to some of the country's most passionate fans," said BetMGM CEO Adam Greenblatt. "We're confident that our sports betting platform will elevate their gameday experience."  

The BetMGM app features a user-friendly platform, giving Kentucky sports fans the ability to customize pre-game, in-play, futures and parlay wagers. Recent app enhancements utilize heightened functionality with same-game parlays and weekly free-to-play contests, while offering a seamless experience when traveling between Kentucky and surrounding states where online sports betting is available (Illinois, Indiana, Ohio, West Virginia, Virginia and Tennessee). Additionally, integration with MGM Rewards allows BetMGM users to redeem their gameplay for world-class experiences at MGM Resorts properties such as Bellagio and MGM Grand in Las Vegas, Beau Rivage in Mississippi, Borgata in New Jersey, MGM National Harbor in Maryland and MGM Grand Detroit.

This fall, BetMGM will open a 5,200-square-foot retail sportsbook with Revolutionary Racing Kentucky at Sandy's Racing & Gaming, a $75M gaming and entertainment facility in Ashland. Construction of Kentucky's first quarter horse racetrack and equestrian center will follow on 182 acres adjacent to Sandy's, with the first races scheduled to launch in 2025.

Prentice Salter, CEO of Revolutionary Racing, said, "We know how excited Kentucky sports fans are to finally be able to place wagers with BetMGM. And we know they will be even more excited when Sandy's opens this fall and they can bet while watching games with their friends in our BetMGM Race and Sportsbook."

Greenblatt added, "Revolutionary Racing is the ideal partner to help us deliver a dynamic retail experience, one that will be a go-to destination for sports and entertainment in Kentucky."

As BetMGM continues to expand to new markets, responsible gambling education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to count on at MGM Resorts properties nationwide. This complements BetMGM's already existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

The BetMGM app is now available for download in Kentucky and is accessible on both iOS and Android. For more information, follow @BetMGM on Twitter.

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, Party Poker, and Wheel of Fortune. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/. 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve substantial risks and/or uncertainties, including those described in the MGM Resorts International public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. BetMGM has based forward-looking statements on management's current expectations, assumptions and projections about future events and trends. Examples of these statements include, but are not limited to, BetMGM's expectations regarding its agreement with RRKY, the opening of a retail BetMGM Sportsbook at Sandy's Racing & Gaming, and construction of the horse racetrack and equestrian center at Sandy's. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Included among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements are: the significant competition within the gaming and entertainment industry; BetMGM's ability to execute on its business plan; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; BetMGM's ability to manage growth and access the capital needed to support its growth plans; and BetMGM's ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new 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