Sports Betting Business and Industry News – Page 2

Jim ‘Mattress Mack’ McIngvale places largest wager, $3.4 million, on Super Bowl 55

Another huge bet has been placed on the Tampa Bay Buccaneers heading into Super Bowl LV

Mattress Mack is hoping the Kansas City Chiefs don’t burn him and his wallet in two consecutive Super Bowls.

The big-money gambler – Jim McIngvale, owner of the Gallery Furniture chain – flew from Texas to Colorado late Wednesday night to wager $3.5 million on the Buccaneers to cover +3.5 against the Chiefs.

“We’re in the game,” McIngvale told USA TODAY Sports by phone Thursday.

According to screenshots provided by McIngvale, the bet is split two ways: one at $3,388,136.54 to win $6,064,764.41 another at $47,863.46 to win $85,675.59. If Tampa Bay covers, McIngale would win $6,150,440.

It’s the biggest bet placed on the Super Bowl this year, according to the Action Network. Another bettor placed $2.3 million, also on Buccaneers +3.5, at BetMGM.

Special Betting Promotion! BET $1, WIN $100 (in free bets) if the team you bet on in the Big Game wins. Offer available in CO, IA, IN, MI, NJ, PA, TN, VA and WV.

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As usual, McIngvale is running a refund promotion around the game’s outcome, similar to what he did during the Houston Astros’ postseason runs in recent years. In 2019, McIngvale bet a $3.5 million future on the Astros to win the World Series, which they lost to the Washington Nationals in seven games, as a hedge.

If the Buccaneers win, customers who spent $3,000 or more at Furniture Gallery on a mattress will get a refund.

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“It’s very exciting,” McIngvale said. “The reason I did the promotion is because there is so much buzz on this game because of Brady and Mahomes. Everybody has an opinion. The customers love it.”

McIngvale worked until about 10 p.m. Thursday, boarded a plane from his native Texas and landed in Colorado Springs around midnight, he said. He spent no more than 45 minutes on the ground in Colorado Springs, entering the terminal and heading right back on the plane.

“It was a little cold for a Texas boy,” he said.

Last year, while the stores didn’t offer a Super Bowl promotion, McIngvale lost $1 million per playoff game the Chiefs won on their way to the championship – also a hedge, as the promotion then called for the 49ers to win.

DraftKings’ large handles make it an ideal sportsbook for McIngvale to wager his millions.

“Accommodating and capacity to take a large bet,” he said. “Plus, I’m a huge advertiser, I believe in advertising and their advertising (for the) Super Bowl on Sunday (is) several million bucks so I like people who are marketers.”

Follow Chris Bumbaca on Twitter @BOOMbaca.

Get some action on the NFL or others by signing up and betting at BetMGM. If you’re looking for more sports betting picks and tips, access all of our content at SportsbookWire.com. Please gamble responsibly.

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Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Barry Sanders joins BetMGM as celebrity brand ambassador

BetMGM Sportsbook signs former Detroit Lions RB Barry Sanders as brand ambassador.

With Michigan legal, online sports betting recently launching, BetMGM Sportsbook has signed Hall of Fame running back Barry Sanders, formerly of the Detroit Lions, to a multi-year deal as a celebrity BetMGM brand ambassador.

Sanders will participate in a variety of events with BetMGM customers and star in the company’s upcoming marketing campaigns. He’ll engage with BetMGM players as well as MGM Resorts’ M life Rewards loyalty members in private and public events, which will be done both virtual and in-person.

“I’m excited to be a part of the BetMGM team and hop on the ride of the fastest-growing sports betting app in the business,” said Sanders. “Typically, I am the one breaking records in Michigan, but it is amazing to see what BetMGM already has accomplished in my home state.”

BetMGM is also the first official sports betting partner of the Detroit Lions, where Sanders played for 10 seasons. He was inducted into the Pro Football Hall of Fame in 2004.

New Michigan customer BetMGM offer!

Risk-free first bet up to $600! Terms and conditions apply. Register now and place your legal, online sports bets in Michigan at BetMGM.

“It’s an honor and surreal moment for all of us at BetMGM to team up with Barry Sanders,” said BetMGM’s Chief Revenue Officer Matt Prevost. “Adding Barry to the BetMGM family brings a new level of excitement and the potential for us to create unique experiences for our customers.”

BetMGM’s sports betting app became available earlier this year in Michigan, joining Colorado, Indiana, Iowa, Nevada, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia.

Along with sports betting products, BetMGM’s iGaming online casino games are now also available to Michigan gamers.

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For more sports betting tips, visit SportsbookWire.com. Follow SportsbookWire on Twitter and like us on Facebook. Please gamble responsibly.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Golf betting simulcast to debut at Waste Management Phoenix Open

A golf betting simulcast is coming around the Waste Management Phoenix Open.

If you’re a sports betting enthusiast, you have been treated over the past two years as more and more states legalize online sports betting and it becomes more mainstream. As partnerships and acquisitions in the space continue to heat up, so do new product offerings being introduced.

Golf fans and, more specifically, golf bettors, you’re up for the next treat.

Earlier this week, NBC Sports, the PGA Tour and PointsBet Sportsbook announced they will present the first-ever golf betting simulcast, which will debut around the Waste Management Phoenix Open next week.

The show, NBC Sports Edge BetCast, will air alongside NBC Sports’ telecast on GOLF Channel and NBC, airing Thursday, Feb. 4 through Sunday, Feb. 7 at TPC Scottsdale’s Stadium Course. NBC Sports Edge BetCast will be available on Peacock Premium, providing a golf-betting, second-screen experience focused on betting odds and lines around the Waste Management Phoenix Open.

The show will be presented over 10 afternoon hours, covering 2 1/2 hours in each of the tournament’s four rounds. The live studio will be overlooking the 16th hole.

“We are excited to debut this unique betting show with our partners at the PGA TOUR and PointsBet,” said David Preschlack, President, NBC Sports Regional Networks, and Executive Vice President, Content Strategy, NBC Sports Group via a press release. “With TPC Scottsdale’s Stadium Course as the backdrop, we look forward to a compelling sports betting presentation on Peacock Premium as a companion to watching the world’s best golfers competing on some of the most iconic holes on the PGA TOUR.”

For years during sports broadcasts, announcers generally danced around odds and sports betting in general. While important to a segment of their audience, it was generally considered taboo to speak of directly. While there have been some general references, the sports-betting community never felt it was enough. That changes moving forward.

Place your legal, online golf bets in CO, IA, IN, MI, NJ, PA, TN, VA and WV at BetMGM. New customer offer: Risk-free first bet! Terms and conditions apply. Bet now!

Sports bettors now have a show speaking their language and talking directly about betting opportunities, odds changes, probabilities and more throughout the event.

“The NBC Sports Edge BetCast stream on Peacock Premium is another step forward for our sports betting strategy,” said Norb Gambuzza, PGA TOUR Senior Vice President, Media and Gaming. “We are extremely excited to produce and distribute specialized betting content as a companion to our linear and digital coverage with our partners at NBC Sports and PointsBet. As we continue to embrace sports betting, the TOUR will continue to innovate and find new ways to engage fans around the world.”

Look for this type of experience to just be the tip of the iceberg of what’s to come… not just in golf, but across all sports verticals.

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Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Virginia sports betting: BetMGM launches mobile sports betting app

BetMGM launches sports betting platforms in Virginia, joining growing list of legal sports betting operators within the state.

Legal sports betting launches around the country continue, as Virginia legal, online sports betting is now available for Virginia state sports fans. BetMGM Sportsbook debuted their mobile sports betting products Wednesday, January 27.

BetMGM previously announced a partnership with the Washington Nationals. Scheduled to launch later this season, BetMGM plans to open a retail BetMGM sportsbook connected to Nationals Park. It will be BetMGM’s first in-stadium sportsbook.

A market leading sports betting and gaming entertainment company, BetMGM launched their sports betting app and website. Their betting app, available on iOS and Android, offers a user-friendly sports betting experience, making it very easy to create and customize pre-game and live in-play sports bets. Sports bettors can also participate in futures and parlay wagers.

Virginia marks the tenth state in which BetMGM’s app is available, joining Michigan, which just launched last week. Others include Colorado, Indiana, Iowa, Nevada, New Jersey, Pennsylvania, Tennessee and West Virginia online sportsbooks.

New Virginia Customer BetMGM offer!

Risk-free first bet! Terms and conditions apply. Register now and place your legal, online sports bets at BetMGM.

“We’re ecstatic that BetMGM is one of the first mobile sports betting platforms to launch in Virginia,” said BetMGM CEO Adam Greenblatt said in a press release obtained by SportsbookWire. “Virginians are passionate sports fans, and we’re thrilled to provide them a user-friendly sports betting experience. BetMGM Virginia customers can earn benefits and will soon enjoy innovative experiences planned with MGM National Harbor in Maryland and the Washington Nationals.”

Also see: Washington Nationals and BetMGM partner on multi-year deal

Integrated with MGM Resorts’ M Life Rewards Program, allowing Virginia customers to redeem game-play for world-class experiences at MGM Resorts properties nationwide, including MGM Grand Detroit, Bellagio, ARIA and MGM Grand in Las Vegas, Borgata in New Jersey, Beau Rivage in Mississippi and MGM National Harbor in Maryland.

“MGM National Harbor is the premier entertainment destination for the DC-Maryland-Virginia region, and the launch of the BetMGM app in Virginia gives our customers another great way to interact with our brand. We’ve got the DMV covered with a variety of entertainment options — whether at Nationals Park in D.C., our MGM National Harbor resort, or via the mobile app in Virginia. Additionally, should Maryland allow casinos to operate sports betting, MGM National Harbor stands ready to add this amenity,” said Jorge Perez, President & COO of MGM National Harbor via press release.

For more sports betting tips, visit SportsbookWire.com. Follow SportsbookWire on Twitter and like us on Facebook. Please gamble responsibly.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Michigan sports betting: BetMGM launches mobile sports betting app

BetMGM launches sports betting platforms in Michigan, joining growing list of legal sports betting operators within the state.

After a long wait, Michigan legal, online sports betting is now available for Michigan sports fans. BetMGM Sportsbook debuted their mobile sports betting products Friday, January 22.

BetMGM, a market leading sports betting and gaming entertainment company, launched their sports betting app and website. Their betting app, available on iOS and Android, offers a user-friendly sports betting experience, making it easy to customize pre-game and live in-play sports bets, as well as futures and parlay wagers.

Michigan marks the ninth state in which BetMGM’s app is available, joining Colorado, Indiana, Iowa, Nevada, New Jersey, Pennsylvania, Tennessee and West Virginia.

Along with sports betting products, BetMGM’s iGaming online casino games are now also available to Michigan gamers.

New Michigan Customer BetMGM offer!

Risk-free first bet! Terms and conditions apply. Register now and place your legal, online sports bets at BetMGM.

“Reaction to the opening of MGM Grand Detroit’s BetMGM Sportsbook and Lounge has been incredible. We’re thrilled to complement our retail offering with the launch of the BetMGM mobile app in Michigan,” said BetMGM CEO Adam Greenblatt. “Michigan sports fans can access our interactive sports betting platform and exclusive line of casino games directly from their phone. The Wolverine State now has new ways to engage with the teams they love, while earning rewards from their gameplay.”

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Integrated with MGM Resorts’ M Life Rewards Program, allowing Michigan customers to redeem game-play for world-class experiences at MGM Resorts properties nationwide, including MGM Grand Detroit, Bellagio, ARIA and MGM Grand in Las Vegas, Borgata in New Jersey, Beau Rivage in Mississippi and MGM National Harbor in Maryland.

For more sports betting tips, visit SportsbookWire.com. Follow SportsbookWire on Twitter and like us on Facebook. Please gamble responsibly.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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fuboTV intends to acquire and launch sportsbook, integrate with OTT platform

fuboTV intends to acquire Vigtory sportsbook and integrate with their OTT platform

The legal, online sports betting landscape continues to change on almost a daily basis as new players enter the market and existing players develop new relationships.

Today fuboTV Inc. (NYSE: FUBO) announced they executed a binding letter of intent to acquire Vigtory, a sports betting and interactive gaming company. fuboTV, an over-the-top (OTT) internet television service, previously entered the sports betting space with a partnership with FanDuel Group in 2019.

According to the release, fuboTV expects to launch a sportsbook by the end of 2021. Terms of the deal were not released.

Sign up: Stream and DVR live sports with fuboTV! Start your free trial now!

Leveraging Vigtory’s sportsbook platform and igaming assets, fuboTV intends to create a frictionless betting experience for their customers where they’d integrate their sportsbook into fuboTV’s live TV streaming platform allowing a seamless viewing and betting experience.

Vigtory had been in discussions to gain market access within the United States and currently has a deal through Queen Casino in Iowa secured.

fuboTV intends to add a free-to-play gaming experience this summer, per the release. Initially it would be a stand-alone app, but later would be integrated into fuboTV’s user experience. fuboTV also acquired Balto Sports in December 2020. The free-to-play gaming will be available to everyone, whether or not they are fuboTV subscribers. fuboTV intends to launch a sportsbook app, which would provide current sports betting lines and the ability for customers to place wagers, cash in their winnings and more.

Sign up: Stream and DVR live sports with fuboTV! Start your free trial now!

Follow @SportsbookWire on Twitter and like us on Facebook.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Washington Nationals and BetMGM partner on multi-year deal

The Washington Nationals announce multi-year partnership with BetMGM Sportsbook

The Washington Nationals and BetMGM, a leading sports betting and digital gaming company, announced a multi-year, exclusive partnership.

A BetMGM Sportsbook will open connected to Nationals Park; they will also launch a mobile app within the permitted area around the Park, in addition to co-branded opportunities and fan-focused campaigns.

The BetMGM Sportsbook will provide a sports betting experience that complements the existing experience at the MGM National Harbor Dugout Club in addition to providing luxury viewing at the Park. The newly created Sportsbook will be located in the space currently serving as Center Field Social, across Center Field Plaza from the Nationals team store. While it won’t be accessible by fans attending a Nationals game, fans will be able to place legal sports bets through BetMGM’s mobile app.

“The Nationals are thrilled to expand our strong partnership with MGM Resorts into the sports betting realm,” said Alan Gottlieb, Chief Operating Officer of Lerner Sports Group. “As our Official Sports Betting Partner, BetMGM will further enhance the greatest in-venue fan experience in Washington, D.C. through its state-of-the-art entertainment products and services. The BetMGM mobile app will enable our fans to engage with the game in new and exciting ways, while the BetMGM Sportsbook connected to Nationals Park will provide Nationals fans and the D.C. community with a first-class gathering place to celebrate their passion for sports together.”

“This new partnership with the Nationals is our most in-depth partnership with a team and showcases the multitude of ways we’re able to engage fans in and out of stadiums. We’re extremely excited to work together to create unique experiences for Nationals fans and the broader D.C. metro area during and after games,” said Matt Prevost, Chief Revenue Officer of BetMGM.

MGM Resorts is also an official gaming partner of the MLB.

Currently, BetMGM offers legal, online sports betting in Colorado, Indiana, Iowa, New Jersey, Pennsylvania, Tennessee and West Virginia. They are hopeful to launch in Virginia in the near future, too, pending regulatory approval.

To place legal sports wagers online in CO, IA, IN, NJ, PA, TN and WV, visit BetMGM now.

Follow @SportsbookWire on Twitter and like us on Facebook.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Philadelphia 76ers announce BetMGM as official betting partner

The Philadelphia 76ers become the second PA-based team to partner with BetMGM Sportsbook

The Philadelphia 76ers announced BetMGM, a leading sports betting and digital gaming company, as an official sports betting partner. BetMGM recently launched legal, mobile sports betting in Pennsylvania.

Within the partnership, BetMGM will be featured through TV-visible signage, including BetMGM’s logo on the pole pads during 76ers games. There will also be fan-focused engagement campaigns, including promotions within the 76ers official app, 76ers-branded casino games and more.

“We are thrilled to partner with BetMGM and together create new, engaging experiences to deliver to our 76ers fans,” said Katie O’Reilly, 76ers Chief Revenue Officer, in a statement obtained by SportsbookWire. “This partnership will give us the ability to connect with our fans on the digital channels where they spend their time through customized 76ers branded games and activations. BetMGM will also propel us into a new space, strategically targeting fans in the sports betting and gaming realm.”

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MGM Resorts’ Borgata Hotel Casino & Spa in Atlantic City will also be designated as an “Official Away Game Host of the Philadelphia 76ers,” where events on-site will be activated when it is deemed safe to do so. Borgata will also host a co-branded Season Ticket Member and VIP event in the future, where there will be appearances by 76ers legends, autographed memorabilia raffles and other exclusive prizes available.

“We’re honored to be an Official Sports Betting Partner of the 76ers. Our recent launch in Pennsylvania has been incredibly successful and this partnership is an exciting opportunity for BetMGM to offer 76ers fans unique ways to engage with their favorite basketball team,” said BetMGM’s Chief Revenue Officer Matt Prevost in a statement.

Currently, BetMGM offers legal, online sports betting in Colorado, Indiana, New Jersey, Pennsylvania, Tennessee and West Virginia. To place legal sports wagers online in CO, IN, NJ, PA, TN and WV, visit BetMGM now.

Follow @SportsbookWire on Twitter and like us on Facebook.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Pennsylvania sports betting: BetMGM launches mobile sports betting

BetMGM launches sports betting platforms in Pennsylvania, joining growing list of legal sports betting operators within the state.

Those in the state of Pennsylvania can begin betting on sports legally and online through BetMGM Sportsbook.

The announcement follows BetMGM recently announcing their iGaming offering of BetMGM Casino being available within the state as well as becoming the first official gaming and sports betting partner of the Pittsburgh Steelers.

BetMGM, a market leading sports betting and gaming entertainment company, launched their sports betting app and website, giving customers access to benefits tied to MGM Resorts’ iconic casino-resorts nationwide. Pennsylvania marks the seventh state in which BetMGM’s app is available, joining Colorado, Indiana, Nevada, New Jersey, Tennessee and West Virginia.

BetMGM Casino New Customer Offer: New customers in the state of Pennsylvania receive $25 in house money upon registration. They are also offering a 100 percent deposit match up to $1,000! Terms and conditions apply. Sign up now!

“The response to BetMGM Casino in Pennsylvania has been incredible and we’re thrilled to bring our best-in-class sports betting offering to the Keystone State,” said Adam Greenblatt, BetMGM CEO. “Pennsylvania is known for its legendary sports fans and we look forward to sharing the excitement of BetMGM with them.”

Also see:

Their betting app, available on iOS and Android, offers a user-friendly sports betting experience, making it easy to customize pre-game and live in-play sports bets, as well as futures and parlay wagers. They are also integrated with MGM Resorts’ M Life Rewards Program, which allows Pennsylvania customers to redeem gameplay for world-class experiences at MGM Resorts properties nationwide, including Bellagio and MGM Grand in Las Vegas, Borgata in New Jersey and MGM National Harbor in Maryland.

For more sports betting tips, visit SportsbookWire.com. Follow SportsbookWire on Twitter and like us on Facebook. Please gamble responsibly.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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Pittsburgh Steelers announce BetMGM as first Official Gaming Partner

The Pittsburgh Steelers announce BetMGM as first official gaming partner.

The Pittsburgh Steelers have announced BetMGM, a leading sports betting and digital gaming company, as the team’s first gaming partner. BetMGM will also become an official sports betting partner of the Steelers once BetMGM’s online sports betting product launches in Pennsylvania later this year.

“We are excited to introduce BetMGM to Steelers Nation,” said Ryan Huzjak, Vice President of Sales and Marketing. “Not only will BetMGM be elevating some of our existing platforms, but they will be introducing new and exciting opportunities to Steelers fans. We are looking forward to kicking off this partnership.”

“Steelers Nation is one of the most passionate fan bases in professional sports and we’re thrilled to bring the excitement of BetMGM to Steelers fans,” said Matt Prevost, Chief Revenue Officer of BetMGM. “We’re eager to launch BetMGM’s gaming offering in Pennsylvania and I can’t think of a better way to kick off our entry into the state than through this monumental partnership.”

The partnership between the Steelers and BetMGM features fan-focused assets, including presenting sponsorship of the Steelers Kickoff pregame show, in addition to broadcast programming, in-stadium promotions and digital marketing assets.

BetMGM recently received a license to offer online casino and sports betting in the state of Pennsylvania. The company anticipates going live with casino gaming in the state in the coming weeks, pending necessary regulatory approval. Before the end of the year, they intend to expand their offerings to include legal sports betting.

Currently, BetMGM offers legal, online sports betting in Colorado, Indiana, New Jersey, Tennessee and West Virginia. To place legal sports wagers online in CO, IN, NJ, TN and WV, visit BetMGM now.

Follow @SportsbookWire on Twitter and like us on Facebook.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

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