About BetMGM
BetMGM is a company based in Jersey City (United States) founded in 2018.. BetMGM has raised $200.03 million across 2 funding rounds. BetMGM offers products and services including Sports Betting Platform, Online Casino, and Poker Platform. BetMGM operates in a competitive market with competitors including VIP Entertainment Technologies, Interblock, ODDSworks, Gamblit Gaming and Blazesoft, among others.
- Headquarter Jersey City, United States
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$200.03 M (USD)
in 2 rounds
-
Latest Funding Round
$25.1 K (USD), Series D
Oct 28, 2022
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of BetMGM
BetMGM offers a comprehensive portfolio of products and services, including Sports Betting Platform, Online Casino, and Poker Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for online sports wagering and real-time betting experiences.
Digital casino offering games and poker for user entertainment.
Online poker service for competitive and recreational play.
Unlock access to complete
Funding Insights of BetMGM
BetMGM has successfully raised a total of $200.03M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $25.1 thousand completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $25,100
-
First Round
First Round
(08 Jul 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series D - BetMGM | Valuation |
investors |
|
| Jul, 2020 | Amount | Series D - BetMGM | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by BetMGM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - BetMGM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Betmgm Comparisons
Competitors of BetMGM
BetMGM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VIP Entertainment Technologies, Interblock, ODDSworks, Gamblit Gaming and Blazesoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Development studio developing tech-enabled products for the gambling industry
|
|
| domain | founded_year | HQ Location |
A range of multi-category casino electronic table games is developed.
|
|
| domain | founded_year | HQ Location |
Platform offering game development solutions for online and offline gambling operators
|
|
| domain | founded_year | HQ Location |
Software is provided to integrate wagering features into games.
|
|
| domain | founded_year | HQ Location |
SaaS-enabled back-end management solutions for games and gambling are developed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Betmgm
Frequently Asked Questions about BetMGM
When was BetMGM founded?
BetMGM was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is BetMGM located?
BetMGM is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
Who is the current CEO of BetMGM?
Adam Greenblatt is the current CEO of BetMGM.
Is BetMGM a funded company?
BetMGM is a funded company, having raised a total of $200.03M across 2 funding rounds to date. The company's 1st funding round was a Series D of $200M, raised on Jul 08, 2020.
What does BetMGM do?
BetMGM was founded in 2018 and is headquartered in Jersey City, United States. Online gambling platforms are developed by the company, focusing on the gambling sector. Services include sports betting through BetMGM, slot jackpots via Borgata Online, slots and table games on Party Casino, and poker games on PartyPoker. Operations center on digital casino and betting experiences for users across various markets.
Who are the top competitors of BetMGM?
BetMGM's top competitors include ODDSworks, Interblock and Yolo.
What products or services does BetMGM offer?
BetMGM offers Sports Betting Platform, Online Casino, and Poker Platform.