All the components of our operating model were in place right from the start. “For me, Tennessee is the poster child of our ability to compete against the early leaders in a sports market only,” Greenblatt told analysts. Tennessee was especially good news for the company, evidence that it could compete strongly even without the advantage it expects to hold in states that also allow online casinos. Early Start, Titans Partnership Fuel MGM In Tennessee Hornbuckle said BetMGM’s market share across six states was 17% for Q4 - rising to 19% when excluding Pennsylvania, where it launched in mid-December. In its presentation, MGM pointed to its position as the market-share leader in Tennessee (34%), second place in Colorado (31%) and third in New Jersey, Indiana and West Virginia - all based on gross revenue - as indications of its emergence alongside the two legacy DFS brands (FanDuel and DraftKings). But with its tech cemented and its footprint growing - opening at the same time as its competitors in Colorado, Tennessee, Michigan and Virginia - the numbers have begun to swing. It has been a dizzying spate for the well-known, but slow-out-of-the-blocks casino giant of late, as BetMGM has launched in five states in a span of 87 days.

Sports Betting Taking Larger Share Of MGM EffortsīetMGM CEO Adam Greenblatt fielded as many questions as parent company CEO Bill Hornbuckle during MGM Resorts’ latest earnings call, a testament to analysts’ interest in the emerging sports betting segment and the surge MGM reported on that front in the fourth quarter. Lots to cover today - with some Easter eggs waiting at the bottom. Having missed the +1250 parlay that I fancied by a single stinking point, I’d like to thank our state legislature for protecting both me, and the remote that I’d have hurled across the room when the total went to 40.

When we last spoke, I bemoaned not being able to legally wager on the Super Bowl from our home here in North Cackalacky.

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