NET REVENUE FROM OPERATIONS OF $1.0 BILLION IN FIRST HALF OF 20241,2 Momentum accelerating in a year focused on investment and strategic execution to drive future growth LAS VEGAS, July 29, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE:MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on First Half 2024 ("1H 2024") performance. Adam Greenblatt, Chief Executive Officer of BetMGM, commented:"The first half of this year has been very important in laying the groundwork for BetMGM's future. 2024 is a year of investment, focusing on improving our customer experience and stepping up our level of investment in players. We are encouraged to see this strategy delivering accelerating momentum. We have exceeded our goals for both acquisition and retention, which should lead to higher year-over-year revenue growth for the second half of this year into 2025. Our online sportsbook players have been enjoying Angstrom-enabled product capabilities since the start of the baseball season, and we look forward to players enjoying this across our wider sports offering leading into the NFL season. We are also very excited to bring our unique omnichannel opportunities to players by fully leveraging MGM Resorts' presence in Las Vegas. Single Account Single Wallet will be an important driver of the customer experience, with Nevada marking its completion ahead of the NFL season. Our iGaming business continues to perform strongly with attractive returns, and to maximize this strength and momentum, we plan to deploy additional marketing in the back half of this year. Our execution roadmap, building momentum and prospects ahead all support our confidence in BetMGM's strong future." 1H 2024 Update 1H 2024 financial performance demonstrating accelerating momentum through the year Net revenue from operations of $1.0 billion, up 6% versus prior year1,2 2Q net revenue growth of 9% YoY, up from 3% in 1Q 2Q online sports betting NGR per active up 16% YoY 2Q iGaming average monthly actives growth of 18% YoY, up from 9% in 1Q, with no new state launches EBITDA consistent with expectations of 2024 being an investment year, supporting customer acquisition and enhanced player experience initiatives Encouraging online sportsbook CPAs of FTDs driven by successful Super Bowl campaign 1H EBITDA of -$123 million2 Established as a leading operator in North America, live in 29 markets with access to 52% of adult population3 Continued geographic footprint expansion, with BetMGM launch of digital sports betting in North Carolina in March and district-wide in the District of Columbia in July 13% GGR market share in the U.S. and Ontario across Sports Betting and iGaming4 Demonstrates stabilization and continued strength in iGaming with approximately 22% market share5 Continued focus on operational execution, delivering improved app, product capabilities, and market-leading partnerships across both digital sports and iGaming Enhanced Sports Product and Technology Further integration of Angstrom capabilities with new markets and features for MLB and back end of NBA seasons, provided by fully in-house single game parlay ("SGP") and SGP+ products Improved player experiences with enhanced betting and SGP+ journeys, landing pages and new features including live bet tracking Actives who placed an MLB SGP bet this season up 40% YoY6 Volume of weekly MLB SGP bets doubled versus last year6 Leadership in iGaming Market-leading jackpots – New Jersey jackpot of over $5 million expected to be the largest regulated U.S. online jackpot ever paid Launched exclusive games and innovative reward mechanics with top suppliers, including GameCode and White Hat Gaming Launched BetMGM Arcade, the home ...