The US gambling industry has seen a large amount of expansion in recent years. Nearly 40 American states have now made sports betting legal. Betting on MMA matches is extremely popular with the major companies.
Six years ago, a US Supreme Court Judge ruling changed the face of the gambling industry. Instead of the rather unwilling Federal Government having the final say on a state making gambling legal, it was now the individual states who could make the decision.
That started to open the floodgates and it has been excellent news for state coffers thanks to high amounts of gambling tax being received. For example, it has also seen new operators enter the US gambling market. That has included BetMGM and a few other brands. They offer their customers odds on MMA matches and attract a great deal of custom.
Betting on MMA matches can be so exciting. Anything can happen and both the online sportsbooks mentioned in the last paragraph offer in-play betting. The odds on offer will continually fluctuate all depending on what is happening in the octagon. A favorite can soon become an outsider and vice versa.
The US gambling industry is a highly competitive one with many sites bidding to achieve a good share of the market. Some companies offer Bet Boosts on MMA parlay bets. This requires site members to place a bet on three matches with all needing to win to see a return.
Offering several markets to bet on makes betting on MMA a popular pastime. The odds on the favorite winning can often be rather short and not at all attractive, particularly to those who gamble small amounts.
Higher odds are available for markets such as the method of victory or in which round the fight will end There are even better odds available for method and round combination bets. For example, correctly predicting a fight will end in round two via a KO, TKO or DQ. Odds are available for UFC events well in advance and you may be able to get some better odds placing your bets early as they may well fall in the future.
February is going to be a big month for one of the leading companies BetMGM. Not just because the Super Bowl is taking place and that will attract a huge amount of wagers but because their FY 2004 performance will be revealed.
Last year saw the company making many investments as they attempted to establish themselves in the US gambling industry. Their returns have been described by the company as “stellar” and it’s anticipated that their revenue for 2024 will be over $2 billion.
BetMGM are 50% owned by MGM Resorts with the other half in the ownership of UK betting giant Entain. The latter have already announced that in the third quarter of 2024, the net gaming revenue of BetMGM grew by 18% compared to the same period in the previous year.
The CEO of Entain is Gavin Isaacs and he recently said during an earnings call that BetMGM has a “much improved product and greater investment in player acquisition.”
Those wanting to place bets with them for MMA matches can benefit from their enhanced parlay and player prop options. Placing bets while events are taking place has been streamlined too thanks to their work with betting technology provider Angstrom.
BetMGM has a 15% market share of the US gambling market, the brand is especially big in new Jersey, where new customers can claim up to 1,500 in bonuses if they use this bonus code at betMGM NJ. Mr Isaacs stated that is a “good starting point” considering they are in the world’s largest gambling market.: “We’re not losing, which is the key,” he added and said that BetMGM had achieved its aim of getting a better performance which they can now use to make further improvements.
New York is top of the list when it comes to online sportsbooks. Last year saw BetMGM take $1.6 billion in bets and that produced revenue of $102.2 million.
There are some concerns over stricter regulation and increases in tax rates but 2025 is again expected to be a successful one for the US gambling industry. Betting operators will hope to build on the successes they have had in the past. Those wanting to bet on MMA will find plenty of opportunities to do so at these companies.
