BetMGM Debuts 2024 Emirates NBA Cup Original Bets Sweepstakes, November 21-29

Rhea-AI Summary

BetMGM launches its first Original Bets Sweepstakes for the 2024 Emirates NBA Cup from November 21-29. Customers who wager $10+ on NBA Cup Original Bets can win a Las Vegas sports vacation package including a five-night stay at MGM Grand, tickets to semifinal and championship games, an on-court photo opportunity, and $2,500 in BetMGM Rewards Points. The promotion allows up to 25 entries per person but is not available in Nevada, New York, Ontario, or Puerto Rico. BetMGM's Original Bets are powered by Angstrom's play-by-play simulation models, offering unique markets like both teams scoring in the first minute.

Positive

• Partnership with NBA as Authorized Gaming Operator enhances brand credibility
• Expansion into 29 markets with mobile and retail offerings shows strong market presence
• Integration with MGM Resorts properties creates unique cross-selling opportunities

Negative

• Promotional limitations in key markets (Nevada, New York, Ontario, Puerto Rico) restrict growth potential

News Market Reaction

+1.33%

1 alert

+1.33% News Effect

On the day this news was published, MGM gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Sports betting leader and Authorized Gaming Operator of the NBA will send one winner to Las Vegas for semifinal and championship games

JERSEY CITY, N.J., Nov. 21, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator and Authorized Gaming Operator of the NBA, is launching its first Original Bets Sweepstakes for the 2024 Emirates NBA Cup. From November 21-29, BetMGM customers who wager $10 or more on BetMGM's proprietary NBA Cup Original Bets will have the chance to win the ultimate Las Vegas sports vacation. BetMGM will send one winner to Las Vegas for a five-night stay at MGM Grand, provide tickets to the semifinal and championship games and offer an on-court photo opportunity. The winner also will receive $2,500 in BetMGM Rewards Points that can be redeemed for a variety of experiences at any MGM Resorts property (players must be considered active in order to keep their BetMGM Rewards Points from expiring based on Tier Status).

"With the Emirates NBA Cup championship returning to our backyard in Las Vegas, it is important for us to create an experience only possible through BetMGM," said Matt Prevost, Chief Revenue Officer of BetMGM. "This promotion allows guests to explore NBA Original Bets and benefit from our unique connection to MGM Resorts destinations that are a short walk from T-Mobile Arena."

Participants can opt in to the Original Bets Sweepstakes from the home screen or promotions section of the BetMGM mobile app. Any Emirates NBA Cup Original Bet of $10 or more during the promotional period will count as a single entry into the sweepstakes for up to 25 entries (promotional offer not available in Nevada, New York, Ontario or Puerto Rico).

BetMGM's Original Bets are made possible through the integration of Angstrom, Entain's sports modeling and analytics company. Angstrom's differentiated play-by-play simulation-based pricing models allow BetMGM to provide an extensive list of basketball markets like both teams to score in the first minute and three 3-pointers scored in the first three minutes.

The Original Bets Sweepstakes is one of many ways BetMGM customers can engage with the League throughout the 2024-25 NBA season.  For the second year, BetMGM is offering its free-to-play Fast Break game. Once a day, users can log in and try to score a basket to win a reward. Rewards include parlay boost tokens, odds boost tokens, SGP boost tokens, bonus spins (in eligible casino states) and bonus bets (promotional offer not available in Nevada or Puerto Rico; bonus bets are non-withdrawable and expire in 24 hours).

Behind-The-Book Storylines

Below are betting highlights from BetMGM for the 2024 Emirates NBA Cup.

2024 Emirates NBA Cup Winner

Odds Leaders:

• Knicks +550
• Celtics +700
• Cavaliers/Warriors +800

Highest Ticket%:

• Celtics 13.0%
• Cavaliers 12.5%
• Nuggets 8.3%

Highest Handle%:

• Celtics 22.3%
• Cavaliers 12.9%
• Warriors 8.9%

2024 Emirates NBA Cup MVP

Odds Leaders:

• Jalen Brunson +600
• Stephen Curry +800
• Donovan Mitchell +900

Highest Ticket%:

• Jayson Tatum 9.3%
• Karl-Anthony Towns 8.9%
• Nikola Jokic 7.9%

Highest Handle%:

• Nikola Jokic 21.1%
• Karl-Anthony Towns 20.6%
• Jayson Tatum 12.1%

BetMGM currently operates in 29 markets with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android, as well as via desktop at www.betmgm.com.

As BetMGM continues to expand into new markets and introduce new features, responsible gaming remains a key focus. Additionally, BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to rely on at MGM Resorts properties nationwide. This complements BetMGM's already existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

For more information on BetMGM, follow @BetMGM on X.

Gambling problem? Call 1-800-GAMBLER (Available in the US),Call 877-8-HOPENY or text HOPENY (467369) (NY),Call 1-800-327-5050 (MA). 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR).  Subject to eligibility requirements. Bonus Bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Nevada, New York, Ontario or Puerto Rico.

About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://sports.betmgm.com/en/blog/.

Forward-Looking Statement

Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts and BetMGM have based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts and BetMGM's expectations regarding launch of the sweepstakes for the 2024 Emirates NBA Cup and prizes available to participating customers in connection with the sweepstakes. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risk that the 2024 Emirates NBA Cup does not occur or does not occur in the manner described herein, risks related to the effects of economic conditions and market conditions in the markets in which MGM Resorts and BetMGM operate and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, neither MGM Resorts nor BetMGM is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts or BetMGM update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

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SOURCE BetMGM

FAQ

What is the prize for BetMGM's 2024 Emirates NBA Cup Sweepstakes?

The winner receives a five-night stay at MGM Grand, tickets to semifinal and championship games, an on-court photo opportunity, and $2,500 in BetMGM Rewards Points.

How many entries can you get in BetMGM's NBA Cup Sweepstakes?

Customers can earn up to 25 entries by placing $10 or more bets on Emirates NBA Cup Original Bets during the promotional period.

Which team has the highest betting handle for the 2024 Emirates NBA Cup on BetMGM?

The Celtics have the highest betting handle at 22.3% of total bets placed for the 2024 Emirates NBA Cup winner.

What are the odds for the Knicks to win the 2024 Emirates NBA Cup on BetMGM?

The New York Knicks are listed at +550 odds to win the 2024 Emirates NBA Cup, making them the betting favorite.