As Adam Greenblatt, BetMGM’s CEO put it;
“The response to BetMGM Casino in Pennsylvania has been incredible and we’re thrilled to bring our best-in-class sports betting offering to the Keystone State. Pennsylvania is known for its legendary sports fans and we look forward to sharing the excitement of BetMGM with them.” Mr. Greenblatt said.
BetMGM’s launch sees it become the 11th licensed and regulated online sportsbook, bringing another major brand to one of the nation’s sports betting markets.
Following successful launches in other legal sports betting states, although BetMGM joins a crowded field of operators in the thriving PA online sportsbook market, it is widely accepted to do very well and capture a good market share straight out of the gates. BetMGM enters Pennsylvania at an opportune time as bettors will be able to wager on a variety of highly-anticipated sporting events like the upcoming NFL play-offs, the beginning of the new NBA season, the Super Bowl and college basketball’s ‘March Madness’ just around the corner.
The BetMGM PA Online Sportsbook testing & launch
The BetMGM online sportsbook browser and betting app versions both went live for testing in Keystone State on December 17 for 10 hours from 2 p.m. until midnight. Beginning, Friday, December 18, BetMGM newest PA online sportsbook officially went live and is now available 24/7/365 through the state.
BetMGM will no doubt, be looking to challenge DraftKings and FanDuel for the top spots in the crowded Pennsylvania sports betting market. Those two Daily Fantasy Sites-turned-sportsbooks have been jostling like two heavyweights for market leadership in Pennsylvania. FanDuel took a single-month record $185 million in betting handle in October, followed by DraftKings with $63 million in bets taken.
Combined, Pennsylvania’s 10 legal sportsbooks reported a single-month record $525 million in total wagers in October, the vast majority of which came online (approximately 90%). Since the U.S. Supreme Court struck down the federal sports wagering ban in May 2018, The Keystone State has accepted more than $4 billion in total wagers trailing only Nevada ($11.5 billion) and New Jersey ($10.9 billion) for market leadership among all legalized sports betting states to date.
During the global pandemic, the online sportsbook and online casino revenues have helped keep the state’s gaming industry afloat, and with professional sports up-and-running, BetMGM appears set to strike at an opportune time.
Could PA become a major jewel in the BetMGM crown?
With its large population of 12.8 million (the 6th most populous state in the U.S and currently the 2nd most populous with legal online sports betting), the state of Pennsylvania could potentially emerge as one of the more lucrative betting markets for BetMGM, which has already undertaken one of the widest and most significant expansions of any sports betting company in the country.
Along with Pennsylvania, BetMGM offers legal online sportsbooks in Colorado, Tennessee, Indiana, West Virginia and New Jersey. The company also provides online sports wagering options in its headquartered state of Nevada, however, bettors there must register at an MGM land-based casino before being eligible to place legal wagers.
The BetMGM brand also has bricks-and-mortar sports betting options in the state of Mississippi, although online wagering in the Magnolia State is only allowed within the grounds of the land-based casinos under state law only. Land-based BetMGM sportsbooks also appear set to open in both Oregon and New Mexico as early as spring/summer 2021.