BetMGM added another impressive piece to its collection of official partners after inking a deal to be the official sports betting partner of the Las Vegas Raiders. It’s a big win for the sportsbook as it battles fiercely for its share of the burgeoning US sports betting market.
Under the terms of the deal, BetMGM will have prominent logo placement on the team’s new stadium, which is located just off the Las Vegas Strip. MGM will also be building a BetMGM-branded luxury lounge in the stadium, along with a special entrance for MGM Resorts VIPs.
In a statement to the press reports on by USA Today, MGM Resorts CEO and President Bill Hornbuckle lauded the deal saying, “All of us at MGM Resorts are proud to welcome the Raiders and the NFL to Las Vegas. We look forward to providing Raiders fans a world-class sports betting and entertainment experience, both in our BetMGM Sportsbooks and digitally, through the BetMGM mobile app.”
BetMGM’s CEO Adam Greenblatt was similarly enthusiastic saying, “We’re thrilled that BetMGM is the first Official Sports Betting Partner of the Las Vegas Raiders. This new partnership complements what is already a wonderful and rewarding relationship with MGM Resorts and the Raiders and we look forward to introducing Raiders fans to the excitement of sports betting with BetMGM.”
Given the MGM’s close proximity to the stadium, this deal is an absolute no-brainer. The hotel and the sportsbook will certainly benefit from the large number of out-of-town fans who come to root for, and against, the Raiders in their latest home field.