Juicy Vegas
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In 2020, BetMGM generated $178 million in income, and management expects that to develop extra than one hundred% in 2021, which would put it more than $356 million in annual income. DraftKings is nonetheless bigger at $643.five million in income final year, but management expects only 48% growth at the midpoint of its $900 million to $1 billion in income guidance. Within a handful of years, it is doable the two on the web gambling operations will generate similar income each year. MGM says the acquisition will give a one of a kind opportunity for the business to produce a “scaled worldwide on the internet gaming small business.”
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