📅 Early Development (2018-2019)
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🗓️ Date 📌 Event 2018 Launch of BetMGM: The joint venture between MGM Resorts and GVC Holdings was officially announced, paving the way for online gambling. 2019 Regulatory Approval: BetMGM received licenses to operate in New Jersey, marking its entry into the US sports betting market.
🚀 Expansion Phase (2020)
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🗓️ Date 📌 Event January 2020 Mobile App Launch: The BetMGM app was launched, allowing users to place bets conveniently from their smartphones. October 2020 Further State Licenses: BetMGM expanded its services to several additional states, including Nevada and West Virginia.
📈 Rapid Growth (2021)
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🗓️ Date 📌 Event February 2021 Market Leader: BetMGM secured a top position in the US online sports betting market, with significant user growth. December 2021 Record Revenue: Reports indicated record revenue figures, attributed to the popularity of the Super Bowl and the app’s user-friendly features.
🌍 Global Reach (2022-Present)
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🗓️ Date 📌 Event 2022 Partnerships: BetMGM secured partnerships with major sports leagues, enhancing its market presence and brand recognition. 2023 International Expansion: Plans were announced for BetMGM to explore opportunities in international markets, aiming to replicate its US success.