{"id":4827,"date":"2024-06-18T12:46:18","date_gmt":"2024-06-18T16:46:18","guid":{"rendered":"https:\/\/bestsportsbettingcanada.ca\/?p=4827"},"modified":"2024-06-18T12:46:18","modified_gmt":"2024-06-18T16:46:18","slug":"betmgm-reportedly-ontarios-top-sportsbook-casino-with-20-market-share","status":"publish","type":"post","link":"https:\/\/bestsportsbettingcanada.ca\/blog\/2024\/06\/18\/betmgm-reportedly-ontarios-top-sportsbook-casino-with-20-market-share\/","title":{"rendered":"BetMGM Reportedly Ontario’s Top Sportsbook & Casino With 20% Market Share"},"content":{"rendered":"
BetMGM, a leading online gaming and sports betting company in the U.S., is reportedly Ontario’s top sportsbook and casino<\/a> with 20% market share, according to Eilers & Krejcik Gaming’s “The EKG Line<\/a>.”<\/p>\n BetMGM\u2019s share, which it self-reported last year as roughly 22%, has been exceeding expectations in such a short period of time, considering the regulated market first opened on April 4, 2022.<\/p>\n In a recent interview with BetMGM CEO Adam Greenblatt, the South African credited four things: the strength of the MGM brand in Canada, a strong Android product where Canada over-indexes on Android phones, reliable brand ambassadors like Jamie Foxx and Wayne Gretzky, and concerted investment from day one of the market.<\/p>\n \u201cWe weren’t surprised by our performance in Ontario,\u201d Greenblatt said. \u201cWe see Ontario as a multiproduct jurisdiction really benefiting from the strength of our offering.\u201d<\/p>\n On Feb. 28, 2024, the Alcohol and Gaming Corporation of Ontario\u2019s new rules went into effect. Operators can still feature athletes and celebrities if those famous are promoting responsible gambling in Canada.<\/p>\n ConnexOntario provides service information and resources for people experiencing problems with gambling, drugs, alcohol, or mental health.<\/p>\n The service is free, confidential, and available anytime. Call ConnexOntario 24\/7 at 1-866-531-2600. Problem gamblers are encouraged to also text the helpline at 247247 or chat at www.connexontario.ca.<\/p>\n Furthermore, other major NGR shareholders in the province in CY23 include Ontario Lottery and Gaming (via OLG.ca), Penn Entertainment (via theScore), and bet365.<\/p>\n In CY23, the Ontario market generated NGR of $1.7 billion, nearly three-quarters of which was derived from the province\u2019s fast-growing online casino vertical.<\/p>\n Outside of Ontario, Eilers & Krejcik Gaming said Stake.com \u2014 the big-spending, crypto-focused operator \u2014 was the largest gray market operator in CY23, controlling around 20% of the overall market in GGR share terms.<\/p>\n Other key market shareholders include Super Group and Bodog.<\/p>\n Additionally, iGaming Ontario reported that total online gambling revenue for the 2023-24 fiscal year (Apr. 1, 2023 \u2013 Mar. 31, 2024) was $2.4 billion.<\/p>\n At 20% market share, BetMGM\u2019s revenue total for FY 2023-24 was around $480 million. Note that the $2.4 billion does not include figures from the Ontario Lottery and Gaming Corporation.<\/p>\n BetMGM launched in Ontario with its “ON online sportsbook.” This provides sports bettors with the opportunity to wager on their favorite sports and teams.<\/p>\n Ontarians are required to be at least 19 years old to gamble in the province.<\/p>\n","protected":false},"excerpt":{"rendered":" BetMGM, a leading online gaming and sports betting company in the U.S., is reportedly Ontario’s top sportsbook and casino with 20% market share, according to Eilers & Krejcik Gaming’s “The EKG Line.” BetMGM CEO Adam Greenblatt said the sportsbook held a 22% market share in December 2023 BetMGM\u2019s share, which it self-reported last year as … <\/p>\n","protected":false},"author":54,"featured_media":4829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[36,1],"tags":[37,38,40],"class_list":["post-4827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports-betting","category-uncategorized","tag-main-page","tag-news","tag-sports-betting"],"acf":[],"yoast_head":"\nBetMGM CEO Adam Greenblatt said the sportsbook held a 22% market share in December 2023<\/h2>\n
Ontario market generated NGR of $1.7 billion in CY23<\/h2>\n