BetMGM Launches Mobile Sports Betting in North Carolina

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Mar 11, 2024, 12:05 ET

Partnership with Charlotte Motor Speedway to enhance race day experience

JERSEY CITY, N.J., March 11, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today is among the first to introduce mobile sports betting in North Carolina, giving customers in the Tar Heel state access to a wide variety of betting options as well as the opportunity to earn experiences at MGM Resorts' properties nationwide.

"The passion of North Carolina's sports fandom runs deep, making it one of BetMGM's most electrifying new markets," said BetMGM CEO Adam Greenblatt. "We look forward to delivering a best-in-class product elevating game days and race-viewing experiences for fans from Charlotte to Greensboro and Asheville to Wilmington."

BetMGM's industry-leading platform features a user-friendly interface that adapts and evolves at the speed of the game. Highlights include:

Expanded Pre-Game and In-Game Options: The BetMGM app features Angstrom Sports technology that provides dozens of wagering options in real time for major U.S. sports. Customers can access a wide portfolio of pre-game and live markets with attractive odds on the team, individual player and play-by-play bets.
Real World Rewards: BetMGM customers can enjoy the perks of a world-class loyalty program with their gameplay. With every wager placed in North Carolina, BetMGM app users now earn BetMGM Rewards Points and MGM Rewards Tier Credits, unlocking VIP benefits to MGM Resorts 20+ premier destination resorts ranging from Bellagio, ARIA, MGM Grand and Mandalay Bay in Las Vegas to Borgata in Atlantic City, Beau Rivage in Mississippi, and MGM National Harbor in Maryland.
Same-Game Parlay+: BetMGM's app features Same-Game Parlay+, a new way to combine favorite same-game parlays to create one super parlay. Players now can connect two different same-game parlays into a single bet with ease for dramatically increased odds.

Earlier this year, BetMGM announced its partnership with Charlotte Motor Speedway, with plans to bring exclusive experiences to racing fans in North Carolina. BetMGM also extended its partnership with North Carolina-based Richard Childress Racing as its Official Sports Betting Operator, which includes a BetMGM "wrapped" car for select races throughout the season.

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 gaming tools which serve to provide customers with an entertaining and safe digital experience.

The BetMGM app is now available for download in North Carolina and is accessible on both iOS and Android. For more information, follow @BetMGM on X, formerly Twitter.

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 US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino, Party Poker, and Wheel of Fortune. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve substantial risks and/or uncertainties, including those described in the MGM Resorts International 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 the launch of mobile sports betting in North Carolina and partnerships with Charlotte Motor Speedway and Richard Childress Racing. 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: the significant competition within the gaming and entertainment industry; 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; and BetMGM's ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new jurisdictions. In providing forward-looking statements, BetMGM is not 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 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.

SOURCE BetMGM