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In 2020, BetMGM generated $178 million in revenue, and management expects that to develop extra than one hundred% in 2021, which would place it over $356 million in annual revenue. DraftKings is nevertheless larger at $643.5 million in income final year, but management expects only 48% development at the midpoint of its $900 million to $1 billion in revenue guidance. Inside a couple of years, it’s attainable the two on the net gambling operations will produce related income each and every year. MGM says the acquisition will provide a one of a kind opportunity for the company to generate a “scaled global on the web gaming business.”
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