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2.00pm 21 April 2021 ENTAIN AND MGM RESORTS INTERNATIONAL BetMGM business update BetMGM to deliver 20 % - 25 % market share in a market worth $ 32bn BetMGM LLC ( " BetMGM " ) , one of the leading sports betting and iGaming operators across the U.S. , jointly owned by Entain plc ( LSE : ENT ) ( “ Entain " ) and MGM Resorts International ( NYSE : MGM ) ( “ MGM Resorts " ) , is today providing a business update setting out the key drivers of its strong momentum and future expectations as it delivers a market leading position in the U.S. As part of the presentation BetMGM confirms the following : • • BetMGM is the market leader across the US in iGaming with a market share of 23 % over the three months to February 2021 and is on course to take the number two spot in US sports betting and iGaming overall Sports betting & iGaming continues to accelerate across North America . As such , BetMGM now expects the total addressable market in the U.S. & Canada to be approximately $ 32bn With continued strong momentum in its business BetMGM now expects that , as a leading operator , it will drive a long - term market share of approximately 20 % - 25 % in the U.S. BetMGM expects to achieve $ 1bn of net revenue from operations in 2022 The investment by Entain and MGM Resorts this year is expected to be approximately $ 450 million , on top of the $ 210 million already invested up to the end of 2020 Further details will be presented at the investor day event Adam Greenblatt , CEO of BetMGM , commented : " BetMGM has demonstrated strong momentum , building a leading position in iGaming and is on track to be the number two operator across sports betting and iGaming in the U.S. The U.S. market is shaping up to be even larger and more exciting than we originally envisaged , and we now believe it will be worth $ 32bn , including Canada . Furthermore , the outstanding progress that the team has made so far means that we now expect to achieve 20-25 % U.S. market share long term . The unique partnership of Entain's proprietary technology platform and MGM Resorts ' leading brand and loyal customer base gives us the best resources to win in this market . " Event details : Time : 4:00 pm BST ( 11:00 am EDT / 8:00 am PDT ) The event , including registration , can be accessed through the following webcast link : https://onlinexperiences.com/Launch/QReg/ShowUUID=4B97D04E-BB6C-45B1-9F00- D80F5B7BF65C To participate in the Q & A , please also connect via the live audio dial - in details below : UK : US : International : Conference ID : +44 ( 0 ) 20 3107 0289 +1 ( 833 ) 562-0152 +1 ( 661 ) 567-1234 3511619 1