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BetMGM expects to deliver net revenue from operations of over $1.3 billion in 2022 and reach positive EBITDA in 2023 BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on performance and outlook for 2022. BetMGM has already launched its online sportsbook in Colorado, Indiana, Iowa, Michigan, Nevada, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia. BetMGM is an indirect, partially-owned subsidiary joint venture of our parent company and licensed affiliate, MGM Resorts International ("MGM"). . The BetMGM NV sports app only operates when you are physically in the state of Nevada. BetMGM has launched some great welcome bonuses in Colorado since launching in 2020 on the master license of Midnight Rose Casino. Get Offer. 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