Single digital wallet eliminates the need to complete multiple registrations

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LAS VEGAS, Aug. 22, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting company, is setting a new industry standard by becoming the first sports betting app to offer Nevada bettors seamless, nationwide connectivity through a single, digital wallet. Through its operation and partnership with MGM Resorts International and powered by Entain's technology, this innovative feature makes BetMGM the only legalized sports betting app to allow Nevada residents and visitors to wager in the state and carry their funds to BetMGM mobile markets nationwide.

"We're proud to lead the charge in Nevada with a single account and wallet that simplifies and elevates the betting experience," said Adam Greenblatt, BetMGM CEO. "Our players can now immerse themselves in the excitement of MGM Resorts' Las Vegas destinations or statewide while seamlessly continuing to place wagers in other BetMGM markets."

The convenience of BetMGM's single account and wallet feature allows the user to sign up once in- person at an MGM Resorts property in Nevada and then enjoy the enhanced sports betting app across all U.S. BetMGM mobile markets. New Nevada customers can sign up by downloading the mobile app, completing the verification steps, and visiting one of BetMGM's nine retail sportsbooks including Bellagio, ARIA, The Cosmopolitan of Las Vegas, MGM Grand, Park MGM, Mandalay Bay, New York-New York, Luxor or Excalibur to complete their registration. When traveling to another jurisdiction, users will receive a pop-up message upon opening the app allowing them to switch to their account within the BetMGM market where they are currently located. Customers also can manually select their market within the app's account tab to view their account for that state.

In February, BetMGM introduced a newly designed mobile sports betting app in Nevada that features an increased variety of Entain's Angstrom-powered prop and parlay offerings along with digital deposits and withdrawals. Several new product enhancements also are expected to elevate the BetMGM experience for the start of the 2024 professional football season.

New Nevada customers can download the BetMGM app and receive a first bet offer of up to $250 paid back in bonus bets (offer only available in Nevada). Bonus bets are non-withdrawable and expire in seven (7) days. Existing users can check the promotions tab in their app for incentives such as parlay boost tokens, odds boosts and other available offers. Players also can earn BetMGM Rewards Points and Tier Credits by playing on BetMGM Sportsbook which are redeemable for digital bonuses and MGM Rewards Points.

BetMGM currently operates in 29 markets across North America with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android.

As BetMGM continues to expand to new markets, responsible gambling education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry-leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to rely on at MGM Resorts properties nationwide. This complements BetMGM's already existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

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Disclaimer

See BetMGM.com for Terms. 21+ only. NV Only. Subject to eligibility requirements. Bonus bets are non-withdrawable. Gambling Problem? Call 1-800-GAMBLER. 

About BetMGM

BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://sports.betmgm.com/en/blog/.

Forward-Looking Statement

Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, which involve substantial risks and/or uncertainties, including those described in MGM Resorts International's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. BetMGM has based forward-looking statements on management's current expectations, assumptions and projections about future events and trends. Examples of these statements include, but are not limited to, BetMGM's expectations regarding launch of the new BetMGM app in Nevada and new enhancements available in the app such as single, digital wallet, expanded pre-game and in-game options, digital deposits and withdrawals, BetMGM rewards integration, and same-game parlay+. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Included among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements are: risks related to the effects of economic conditions and market conditions in the markets in which BetMGM operates, the significant competition within the gaming and entertainment industry; risks that launch of the app does not occur or does not occur in the manner described herein; BetMGM's ability to execute on its business plan; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; BetMGM's ability to manage growth and access the capital needed to support its growth plans; BetMGM's ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new jurisdictions, and additional risks and uncertainties described in MGM Resorts International's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, neither MGM Resorts International nor BetMGM is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts International or BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

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SOURCE BetMGM