What you need to know

• The MGC awarded a temporary, one-year Category 3 Sports Wagering Operator License to BetMGM, LLC d/b/a BetMGM on February 23, 2023 after a competitive bidding process.
• BetMGM received its operations certificate on March 10, 2023 and opened its Massachusetts sportsbook to the public on the same day.
• BetMGM, LLC is undergoing a full suitability review by the MGC ahead of a Commission vote on awarding the entity a five-year Category 3 Sports Wagering Operator License.
• The sports wagering operator licensing fee for a 1-year license is $1 million. Category 3 Sports Wagering Licensees are taxed on 20% of gross sports wagering revenue.
• BetMGM’s Category 3 Sports Wagering Operator License is tethered to Blue Tarp redevelopment, LLC d/b/a MGM Springfield’s Category 1 Sports Wagering Operator License. There are currently five Category 3 Sports Wagering licenses tethered to Category 1 licensees. BetMGM is the only Category 3 licensee tethered to MGM Springfield.

About the Gaming Establishment

Description from the Licensee:

BetMGM is one of the leading entertainment companies in North America, pioneering the expansion of online sports betting and gaming. As of the date of licensure, BetMGM offers sports wagering and IGaming in 25 jurisdictions across North America.

In its three-year existence before licensure, BetMGM has established itself as a top platform provider, operator, and employer in the U.S. online gaming space. BetMGM works closely with MGM Resorts across the U.S., particularly in states where MGM has a physical retail presence. BetMGM’s experience as a leading online sports wagering operator, coupled with MGM’s brand recognition and industry experience, produce a best-in-class offering to our customers.

BetMGM plans to offer a unique combination of betting options, promotions, and offers to create a best-in-class experience for Massachusetts customers.

To learn more about BetMGM, visit its website.

The Sportsbook

Quarterly reports

• 2023: Q2 | Q3 | Q4