Tag: Sports Betting Industry news

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.

Place all of your legal, online sports bets at BetMGM! Terms and conditions apply. Bet on the Big Game now!

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.

Also see: 

“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.

Also see: 

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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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.”

Also see: 

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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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.”

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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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DAZN announces BetMGM as exclusive odds provider for U.S. boxing broadcasts

BetMGM will serve as the exclusive odds provider for DAZN’s U.S. boxing broadcasts.

Partnerships continue in the very busy sports betting landscape. DAZN, the world’s largest sports streaming service, and BetMGM, a leading sports betting and gaming platform, have evolved their partnership, with BetMGM becoming the exclusive odds provider for United States boxing broadcasts, per a joint release Thursday.

“We are thrilled to go all in on sports betting and embark on an exciting new chapter with BetMGM – marking our longest-term sports betting partnership yet in the U.S.,” said Michael Mobley, Vice President of Media Sales in North America for DAZN. “With BetMGM in our corner as DAZN’s go-to source for betting insights, fight fans will be able to stay up to date on the latest odds and enjoy even more compelling content around boxing’s biggest events.”

The extended partnership begins Saturday, Nov. 7, when Devin “The Dream” Haney defends his WBC lightweight championship against Yuriorkis Gamboa.The multi-fight broadcast and digital deal solidifies BetMGM as the exclusive odds provider for a dozen DAZN events over the next year and extends across DAZN’s platform and entire suite of channels, including:

  • Throughout fight week – BetMGM branding, as well as the latest betting odds, will surround DAZN’s live streams and coverage.
  • During the broadcast – A live BetMGM betting ticker and co-produced content featuring DAZN talent and BetMGM expertise throughout the main event and co-main event of all 12 fight nights. BetMGM will also serve as the official presenting sponsor of the Over/Under for one branded round of each evening’s main event.
  • Also on fight night – Custom DAZN social media posts will bring BetMGM into the conversation with boxing fans.

DAZN subscribers in licensed betting states will also receive custom BetMGM sports betting promotions leading up to each event.

“DAZN has been a great partner and we couldn’t be happier for BetMGM to be the exclusive odds provider for their U.S. boxing broadcasts. Our deep integrations, like supplying live odds during boxing’s biggest matches and offering customized promotional offers to DAZN subscribers, will provide boxing fans and bettors with entertaining and exciting opportunities to get in on the action,” said BetMGM’s Chief Revenue Officer, Matt Prevost.

Subscribe to DAZN to watch this weekend’s Haney vs. Gamboa fight. To place legal, online sports bets in CO, IN, NJ, TN and WV, visit BetMGM.

Also see:

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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BetMGM adds ESPN veteran Ryan Spoon as COO

BetMGM Sportsbook adds ESPN veteran Ryan Spoon as Chief Operating Officer

BetMGM, the sports betting joint venture between MGM Resorts International and GVC Holdings, announced the appointment of Ryan Spoon as Chief Operating Officer.

Spoon, who is scheduled to start his new role in November at BetMGM’s headquarters in New Jersey, will report to BetMGM’s CEO Adam Greenblatt.

“BetMGM has seen early success in establishing itself as a significant player in the sports betting world through relationships with leagues, teams and partners. With Ryan’s expertise in developing scaled and engaging digital experiences, BetMGM will leverage those relationships in entirely new ways,” Greenblatt said in a release.

Spoon, a two-time Sports Business Journal Forty Under 40 winner, most recently served as Senior Vice President of Social & Digital Content at ESPN. Prior to that, he was Senior Vice President of Digital Product and Design. In those capacities, Spoon helped build, operate and grow many of the leading digital properties in sports, which include ESPN.com, the ESPN app, ESPN Fantasy and ESPN Fantasy Football, as well as ESPN Social.

“The opportunity at BetMGM during these early phases was an immediate draw for me,” Spoon said in a release. “With the incredible assets of MGM Resorts, GVC’s industry-leading technology, and the many league, team and platform partners, BetMGM is uniquely positioned in the market and I am excited to help drive future growth.”

BetMGM‘s league partnerships include the NBA, MLB, NHL, MLS, PGA TOUR and NASCAR. They also have team partnerships with the Denver Broncos, New York Jets, Tennessee Titans, Detroit Lions, Las Vegas Raiders, Vegas Golden Knights and more.

To place legal, online sports bets in CO, IN, NJ and WV, visit BetMGM.

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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BetMGM partners with Jamie Foxx in new The King of Sportsbooks ad campaign

Academy and GRAMMY Award Winner Jamie Foxx Teams Up with BetMGM to Launch “The King of Sportsbooks” Campaign

BetMGM, the market-leading sports betting and online gaming platform, announced Jamie Foxx, an Academy and GRAMMY Award winner, will star in the BetMGM’s new ad campaign.

Foxx will serve as the face of BetMGM’s new “The King of Sportsbooks” campaign, starring in a variety of traditional and social media advertisements for the company.

“Jamie is an exceptional talent and we’re proud to have him partner with us on our new campaign for BetMGM,” said BetMGM’s Chief Marketing Officer Matt Prevost. “The King of Sportsbooks campaign is the next step in the evolution of the BetMGM brand and Jamie brings a unique ability to tell our story in an incredibly creative and entertaining way. BetMGM exists at the intersection of sports and entertainment and Jamie fits this positioning perfectly; we couldn’t be more excited to welcome him to the BetMGM family.”

Foxx is an award-winning actor, singer and comedian. He can currently be seen in Netflix’s Project Power, which launched August 14th. He is a starring voice in Disney/Pixar’s upcoming feature Soul, set for release November 20th.

The King of Sportsbooks, their first brand campaign together, is made in partnership with creative agency 72andSunny New York; Foxx and BetMGM will showcase the excitement that comes along with sports betting.

The campaign will begin rolling out in the coming weeks, featuring a video ad. In the ad, the Fountains of Bellagio in Las Vegas will serve as the canvas and the ad creates a “sitting on the edge of your seat” experience, tied around the combination of the magic of sports brought to life on the Fountains, with the surrealism of Foxx levitating above water.

BetMGM’s sportsbook app is available for download on iOS and Android, and accessible via desktop. They leverage an exclusive betting engine which allows sports fans to place legal bets on sporting events quickly and with ease in seven states, including Colorado, Indiana, New Jersey, Nevada and West Virginia. They plan to be live in 11 states by the end of 2020.

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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Colorado sports betting: BetMGM launches sports betting app in Colorado

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

With the legalization of sports betting in Colorado, BetMGM sportsbook has entered an exclusive primary skin agreement with Midnight Rose Hotel and Casino, which allows ROAR Digital, a joint venture between MGM Resorts International and GVC Holdings, to offer legal online sports wagering throughout the state of Colorado under the BetMGM brand.

A proposition to allow legalized sports betting in Colorado narrowly passed in November’s election with 50.8% of the vote. Sports betting in Colorado, according to PlayColorado, could generate as much as $6 billion annually in bets and $40 million in tax revenue.

“We are excited to announce this exclusive partnership with ROAR
Digital to bring world class sports wagering to Colorado,” said Larry Hill, CEO of Midnight Rose Hotel and Casino.

Also see:

BetMGM sportsbook, a leading mobile sports betting app, is available for download in Colorado via iOS and Android. It is also accessible via desktop. Their platform allows sports fans to quickly place bets safely and with ease.

“We look forward to offering Colorado sports fans the excitement and ease of betting with BetMGM and working alongside Midnight Rose Hotel and Casino to provide top class betting experiences in the state of Colorado,” said Adam Greenblatt, CEO of ROAR Digital. “With a limited sports schedule currently, it’s the perfect time for new customers to learn how to use our feature-rich sports wagering product, ahead of the return of U.S. sports.”

BetMGM is currently available in Indiana, Michigan, Nevada, New Jersey, Mississippi and West Virginia; they also offer sports betting, online poker and casino games, where permitted.

For more sports betting tips, visit SportsbookWire.com.

Follow SportsbookWire on Twitter and 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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