BetMGM
TheLines.com: Pandemic weighs on NFL’s Week 16 schedule
The holiday weekend will bring with it an uncertainty in the NFL schedule that oddsmakers haven’t seen since the 2020 season, according to TheLines.com, which tracks odds in the U.S. regulated sports betting market.
Eight teams have yet to play in Week 15 after COVID-19 outbreaks pushed three games into Monday and Tuesday — Las Vegas Raiders at Cleveland Browns, Seattle Seahawks at the Los Angeles Rams, and Washington Redskins at the Philadelphia Eagles joining the regularly scheduled Monday Night matchup between the Minnesota Vikings and Chicago Bears. Those late games put half the NFL Week 16 schedule on relative standby as oddsmakers await Week 15 to play out.
As we stand, five games have double-digit spreads, including two that have significant playoff implications, and six have spreads of 3.5 or lower, according to a consensus of that nation’s largest legal online sportsbooks — including DraftKings, FanDuel, BetMGM, BetRivers, Caesars, and PointsBet. And oddsmakers are expecting the potential of more outbreaks, combined with late-season injuries and winter weather, to affect scoring. Half of the Week 16 schedule has an over/under of 45 points or less and no game features a point total of 50 points or more, which if it holds would mark the first time in two seasons that not a single game would reach the 50-point over/under threshold.
“We were all hoping to put this kind of uncertainty behind us after the 2020 season brought unprecedented challenges,” said Brett Collson, lead analyst for TheLines.com. “The odds could still significantly shift this week as the pandemic rears its ugly head again. Unfortunately, that might be a fact of life for the rest of the season.”
The consensus point spreads for Week 16 games, as of Monday, Dec. 20:
- San Francisco 49ers (-3.5) at Tennessee Titans; over/under 44.5
- Cleveland Browns at Green Bay Packers (-7.5); over/under 45.5
- Indianapolis Colts at Arizona Cardinals (-1.5); over/under 49
- Detroit Lions at Atlanta Falcons (-4.5); over/under 44
- Baltimore Ravens at Cincinnati Bengals (-2.5); over/under 44.5
- Los Angeles Rams (-3) at Minnesota Vikings; over/under 49
- Buffalo Bills at New England Patriots (-1.5); over/under 44
- Jacksonville Jaguars at New York Jets (-2.5); over/under 41.5
- New York Giants at Philadelphia Eagles (-10); over/under 42
- Tampa Bay Buccaneers (-11.5) at Carolina Panthers; over/under 47.5
- Los Angeles Chargers (-10.5) at Houston Texans; over/under 47.5
- Chicago Bears at Seattle Seahawks (-7); over/under 43.5
- Pittsburgh Steelers at Kansas City Chiefs (-10.5); over/under 46.5
- Denver Broncos at Las Vegas Raiders (1.5); over/under 42.5
- Washington Football Team at Dallas Cowboys (-10); over/under 47.5
- Miami Dolphins at New Orleans Saints (-3); over/under 40
To access updated lines and a betting guide for every NFL team, visit www.thelines.com/betting/nfl. To access Week 16 odds, visit www.thelines.com/nfl-week-16-odds-2021/.
BetMGM
Octoplay Launches Jackpot Blitz with BetMGM in Ontario, Accelerating North American Expansion
Octoplay continues its expansion in North America by launching Jackpot Blitz with BetMGM in Ontario, building on the company’s continental growth strategy following its Michigan provisional license approval.
This strategic launch builds on the growing momentum with BetMGM, marking a significant milestone in Octoplay’s North American expansion, introducing the bespoke opt-in jackpot solution built in collaboration with BetMGM. The decision to expand the partnership with BetMGM demonstrates the strong relationship between the companies and sets a strong foundation for Octoplay’s continued growth across North America.
The Ontario launch builds on Octoplay’s rapid market entries over recent months, including Microgame’s network of 50 operators in Italy, Slovakia’s leading operator Niké, and Sweden’s state-owned Svenska Spel Sport&Casino. With active licenses in the UK, Sweden, Malta, Greece, Romania, Slovakia, Italy, and Belgium, Octoplay continues its accelerated expansion across both European and North American markets.
Jackpot Blitz has achieved a remarkable 88% player opt-in rate since launch. This performance, combined with BetMGM’s extensive player base, sets a strong foundation for Octoplay’s North American growth as the company prepares for launches in Michigan and additional US states in 2025.
“The launch of Jackpot Blitz with BetMGM in Ontario accelerates our North American expansion plans,” says Carl Ejlertsson, CEO at Octoplay. “Our strong partnership with BetMGM has enabled us to bring this innovative product to their Ontario players. With our proven track record of collaboration with top tier gaming operators like BetMGM, we’re ideally positioned to drive significant growth together in regulated markets across North America.”
Oliver Bartlett, VP of Gaming Product & Content at BetMGM, said: “Ontario is a key iGaming market for BetMGM, and adding Jackpot Blitz strengthens our vast collection of games. Octoplay is part of our strategy to collaborate with top-tier partners to bring the best content to our players.”
As Octoplay prepares for its Michigan launch in 2025, followed by entries into additional US states, this expansion with BetMGM represents another milestone in the company’s accelerated growth. The partnership reinforces Octoplay’s momentum as the company continues its rapid advancement in North America.
The post Octoplay Launches Jackpot Blitz with BetMGM in Ontario, Accelerating North American Expansion appeared first on Gaming and Gambling Industry in the Americas.
Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025
BetMGM LLC , one of the leading sports betting and iGaming operators across North America, jointly owned by Entain plc and MGM Resorts International, is providing an update on its 1Q 2025 performance.
Adam Greenblatt, Chief Executive Officer of BetMGM, commented:
“2025 is off to an encouraging start for BetMGM as we execute our revised strategic plan. The momentum we built in the second half of 2024 continued into the first quarter as we implement our powerful iGaming strategy, enabling us to grow faster than the market and at scale. In Online Sports, we are elevating our brand and delivering improved performance, even in the face of unfavorable sports outcomes during key moments in the quarter. As we approach May, we remain confident in achieving full year positive EBITDA in 2025, supported by solid underlying activity trends and our successful delivery of positive EBITDA in the first quarter.”
1Q 2025 Key Financial Highlights
1Q 2025 BetMGM Financial Summary1,2,3
Three months ended
March 31
$ millions, unless otherwise noted
2025
2024
YoY Change
Net Revenue
iGaming
$443
$348
+27%
Online Sports
$194
$116
+68%
Handle
$4,088
$3,174
+29%
GGR Hold %
8.2%
8.7%
(50)bps
NGR Hold %
4.8%
3.6%
+110bps
Retail / Other
$20
$26
(22)%
Total Net Revenue
$657
$489
+34%
Contribution
$116
($38)
+$153
EBITDA
$22
($132)
+$154
Average Monthly Actives (thousands)4
1,067
1,009
+6%
Financial Highlights
Operational highlights
Outlook
The post BetMGM 1Q 2025 Business Update appeared first on Gaming and Gambling Industry in the Americas.
BetMGM, a leading sports betting and iGaming operator, announced the BetMGM Poker Championship returns to ARIA in Las Vegas Monday, June 30 to Friday, July 4, highlighting the ARIA Poker Classic Summer Series. The no-limit hold ‘em tournament has a $3,500 buy-in and offers participants a $3 million guaranteed prize pool. For the fourth consecutive year, the BetMGM Poker Championship will begin in ARIA’s Poker Room and conclude with a live-streamed Final Table at the PokerGO Studio. The ARIA Poker Classic runs May 29 through July 13 with the full schedule available at ARIA Poker on X.
“BetMGM’s relationship with MGM Resorts is our differentiator and the BetMGM Poker Championship presents a unique opportunity to connect our online players with one of the premier properties and events that Las Vegas has to offer. We are preparing to use our brand ambassadors – Darren Elias and Abby Merk – as well as our media partners, to engage with the poker community in new ways throughout the summer,” said Angus Nisbet, VP of Gaming at BetMGM.
Online qualifiers for the BetMGM Poker Championship run at 9:15 p.m. EST every Thursday and Sunday through Sunday, June 22. More than 100 players from BetMGM Poker markets including New Jersey, Michan, Pennsylvania, and Ontario (Canada) will win BetMGM Poker Championship packages that include a $3,500 Championship entry, a five-night stay at ARIA, travel credit, and a BetMGM swag bag. A full online qualifier schedule is available at BetMGMPoker.com.
Ryan Kirk, ARIA’s Director of Poker Operations, said: “ARIA has long been recognized as the epicenter of poker in Las Vegas and we’re proud, once again, to host the BetMGM Poker Championship during our ARIA Poker Classic. This event continues to raise the bar, bringing together the prestige of our world-class poker room with BetMGM’s innovative online platform. We look forward to welcoming players from across North America to experience the energy, excitement and hospitality that ARIA delivers.”
The post BetMGM Poker Championship Returns to ARIA Resort & Casino in Las Vegas June 30 – July 4 appeared first on Gaming and Gambling Industry in the Americas.
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