Entain, one of the world’s leading gaming companies, has had a remarkable start to its 2023 fiscal year, with Q1 revenues increasing by 22% thanks to the success of its online sports betting and gaming platform, BetMGM. The surge in growth can largely be attributed to the brand’s strong performance in the North American market, where it has become one of the top choices for sports bettors and those who play at casinos online alike.

BetMGM is one of the best online casino platforms in the US and provides its players with a wide variety of online casino games. Its user-friendly interface and vast game collection have enabled it to capture a significant market share in the online gaming industry. BetMGM also has a strong presence in sports betting, with operations in more than ten states in the US. Entain attributed much of their Q1 increase to its 50% ownership of BetMGM, which has been performing remarkably well.

It’s worth noting that BetMGM’s excellent performance has been recognized with the prestigious award as Casino Operator of the Year at the SBC Awards North America. This acknowledgment further cements the company’s reputation as a leader in the online gaming and sports betting industry.

Further expansion of BetMGM is expected to contribute to the company’s growth in net gaming revenue throughout 2023. This will be due to its expansion plans in the Canadian online casino market, which is projected to be worth billions of dollars in the next few years. This expansion will not only boost BetMGM’s revenue but also solidify Entain’s position in the global gaming market.

Entain’s Q1 revenue growth is a testament to the remarkable performance of BetMGM. The online casino’s strong presence in both gaming and sports betting markets, coupled with its expansion plans, is expected to contribute significantly to Entain’s continued growth. With its award-winning reputation and solid strategy, BetMGM is poised to remain a significant player in the global gaming industry.