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MGM RESORTS INTERNATIONAL AND ENTAIN ANNOUNCE BETMGM INVESTOR DAY HIGHLIGHTS April 21 , 2021 LAS VEGAS , April 21 , 2021 / PRNewswire / -- BetMGM , LLC ( " BetMGM " ) , one of the leading sports betting and iGaming operators in the U.S. , jointly owned by MGM Resorts International ( NYSE : MGM ) ( " MGM Resorts " ) and Entain plc ( LSE : ENT ) ( " Entain " ) , 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 investor day , BetMGM announces the following : • BetMGM is the number one market leader across the U.S. in iGaming with a market share of 23 % over the three months ended February 2021 , and is on course to take the number two spot in U.S. sports betting and iGaming overall ⚫ Sports betting & iGaming continues to accelerate across North America . As such , BetMGM now expects the total long - term addressable market in the U.S. and Canada to be approximately $ 32 billion • With continued strong momentum in its business , BetMGM now expects that , as a leading operator , it will drive long - term market share of approximately 20 % -25 % in the U.S. • BetMGM expects to achieve $ 1 billion of net revenue from operations in 2022 • The investment by MGM Resorts and Entain this year is expected to be approximately $ 450 million , incremental to the $ 210 million already invested until the end of 2020 Further details will be presented at the investor day event . " BetMGM has demonstrated strong momentum , building a leading position in iGaming and on track to be the number two operator across sports betting and iGaming in the U.S. , " said Adam Greenblatt , Chief Executive Officer of BetMGM . " 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 $ 32 billion , 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 MGM Resorts ' leading brand and loyal customer base and Entain's proprietary technology platform gives us the best resources to win in this market . " Event details : Time : The event , including registration , can be accessed through MGM Resorts ' investor relations site ( http://investors.mgmresorts.com/investors/events-and-presentations/ ) or the following webcast link : https://onlinexperiences.com/Launch/QReg/ShowUUID=4B97D04E-BB6C-45B1-9F00-D80F5B7BF65C 11:00 am EDT / 8:00 am PDT / 4:00 pm BST Management presentations will be followed by a live Q & A session . To participate in the Q & A , please also connect via the live audio dial - in details below : US : UK : International : Conference ID : +1 ( 833 ) 562-0152 +44 ( 0 ) 20 3107 0289 +1 ( 661 ) 567-1234 3511619