For years, MGM Resorts International has operated one of the largest sports betting applications in the country, called PlayMGM. Recently, the company teamed up with GVC to relaunch this betting platform called BetMGM. Today, MGM’s new sports betting app will officially launch in Nevada.
Many feel this is a long time coming. The original betting application from MGM Resorts faced criticism. Hope is that this one turns out to be considerably better.
Let’s take a look at what the new sports betting app has to offer!
Nevada’s Sports Betting Industry Continues to Grow
Nevada has always been the sports gambling capital of the United States. In fact, for many years this was the only state where sports betting was even legal. That all changed in May of 2018 when the US Supreme Court struck down PASPA.
This decision immediately gave every state in the country the ability to legalize sports betting. Within just months, several states officially launched their first regulated sportsbooks. Many felt this would take away from the sports betting revenue that Nevada was used to earning.
That hasn’t necessarily been the case, though. While competition in this industry has increased, Nevada’s sports betting industry has continued to grow. The fact remains that millions of tourists still flock here every month and many of them place bets on sporting events.
It’s good news for major gambling companies in the city, many of whom continue to invest in their sports betting operations. Several major casino-resorts in Las Vegas also recently launched new sportsbooks. More are likely to open here over the next few years.
The online sports wagering industry hasn’t taken off in Las Vegas like many expected it would. Some blame the poor betting applications. MGM Resorts recognized this and is now working to improve their online sportsbook platform.
MGM’s New Sports Betting App Launches in Nevada Today
PlayMGM, the first online sportsbook created by MGM Resorts International, launched to the public back in 2019. As we already mentioned, the app faced a fair share of criticism almost immediately. Company officials began discussing plans to re-launch the app in the near future.
Eventually, MGM announced that it was teaming up with GVC Holdings to launch a new online sports betting platform. This new app, called BetMGM, is expected to be considerably better than the first betting application. Today, MGM’s new sports betting app officially launches in Nevada.
MGM recently had a soft launch of the app in Nevada. Today, the app is truly opening to the public. It offers pre-bets, in-bets, parlays, prop bets and more. It also allows for wagering on professional and collegiate sports.
Adam Greenblatt, CEO of Road Digital, the joint venture between MGM Resorts and GVC, spoke about the launch to the media this week.
“We’re proud to formally introduce the new BetMGM app in Nevada today,” he said. “MGM Resorts’ iconic properties across Las Vegas and GVC’s technology combine to deliver a streamlined sports betting experience that’s easy to use and exciting to play.”
The sportsbooks across all of MGM Resorts’ major Las Vegas Strip properties will soon be rebranded. We’ll need to wait and see how popular this new betting platform becomes.
Coronavirus Fears Continue to Escalate in Las Vegas
2019 was a fantastic year for Las Vegas. Almost every single month, revenue in the city increased dramatically. Unfortunately, many now fear that 2020 will be a tough month for the city due to concerns over the coronavirus.
Covid-19 has already spread to many states across the country and has infected more than 250 individuals. Two cases have already been confirmed in Clark County. It seems like just a matter of time before a case is confirmed inside Las Vegas.
The spread of this virus could lead to a significant decrease in tourism here. It may eventually force the city’s major casino-resorts to temporarily shut down, as well. This would be devastating to the economy of Nevada.
State governments are still working hard to contain this virus. As of now, these efforts have been largely successful. Every day, several new cases are reported in new areas of the country.
Exactly how this will affect Las Vegas is still unknown. For now, it does not appear that the coronavirus is having a significant impact.
MGM’s new sports betting app is finally here. If you’re in the city, check the app out and place some bets!