on line sports betting and international relations

Market share across iGaming and sports betting of 18% 5.

Live in 26 jurisdictions, including Ontario, with access to approximately 48% of the adult population in the United States 4.

Continued geographic footprint expansion in 1H 2023, with new digital sports betting launches in Ohio, Massachusetts, and Puerto Rico.

Established as a leading sports betting and iGaming operator in North America.

Expectation that BetMGM will become self-sustaining in 2H 2023, with no additional equity investment expected from MGM Resorts or Entain after the $150 million previously committed for 2023.Includes investment in upcoming launches in Kentucky and North Carolina that were not originally planned during 2023.Remain on track for previously stated guidance of EBITDA positive in the second half of 2023 ('2H 2023').Each of the annual cohorts of digital sportsbooks launched from 2019 through 2022 delivered positive Contribution Profit in 2Q 3.Digital sports 1H revenue per player up by 65% for players acquired in 2021 or earlier.Sports NGR margin increased by 300 bps in 1H 2023 year on year.Bonus optimization and player management program continuing to have significantly positive impact, delivering enhanced GGR to NGR conversion:.Improved same state CPAs by 8% in 1H 2023 year on year.Reached the key milestone of positive EBITDA for 2Q 2023.1H same-state growth of 25% in net revenue from digital operations.Net revenue from operations of $944 million, on track to deliver at the upper end of previous guidance range for FY 2023 revenue of $1.8 to $2.0 billion.BetMGM finished 1H 2023 with strong financial performance.We look forward to the remainder of the year, buoyed by ongoing product improvements, tremendous support from our shareholders providing access to new assets and partnerships, and – above all – our extraordinary team at BetMGM.' Our focus remains on building a sustainable, scalable and returns focused business with leading products that our players enjoy responsibly. In fact, we have already achieved positive EBITDA for the full second quarter of this year. Our financial guidance for the year remains on track – we expect to deliver $1.8 to $2.0 billion in full year revenue, as well as to be EBITDA positive in the second half of 2023. 'I am pleased with the significant progress we have made during the first half of 2023 as we continue our strong growth and remain on our path to profitability. Adam Greenblatt, Chief Executive Officer of BetMGM, commented:

On line sports betting and international relations