According to a tweet from Chris Krafcik earlier this week, Managing Director of Sports & Emerging Verticals at Eilers & Krejcik Gaming, BetMGM, a joint effort between MGM Resorts International and GVC Holdings, is the U.S. leader in online casino GGR with 27% market share.

This news comes after BetMGM’s profitable start in Michigan, which is becoming one of the hottest markets in the U.S. In April, BetMGM led the Michigan online casino market with $37 million in revenue during the month.

The tweet read:

A few takeaways from our Online Casino Tracker:

1. US: BetMGM is current nat'l GGR share leader (27%).

2. MI: EVO, PTEC live dealer products expected to launch in June-July.

3. FL: There's a ~viable path to commercial online casino if Seminole compact's OSB provisions crater.
By comparison, Matias Dorta, VP of Marketing at Roundhill Investments, an investment adviser and ETF sponsor, noted on Twitter that MGM's table win across all MGM Las Vegas Casinos in Q1 was $127 million while BetMGM Online Casino hauled in $94.5 in million in Michigan from February To April.

Added Dorta:

These insights are very important. Back in December, we were asked for our thoughts on potential iGaming leaders in Michigan and BetMGM came to mind due to the leverage MGM had with the MGM Grand Casino Detroit (the largest casino in the state).

Now we are ~4 months into legal online gambling in Michigan and BetMGM has proven their ability to lead the market so substantially that it is positioning them as the nationwide leader in online casino GGR. Why is this even more relevant today? BetMGM may be able to repeat this model in other states where MGM has a leading hotel and casino operation