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In 2020, BetMGM generated $178 million in income, and management expects that to grow much more than 100% in 2021, which would place it over $356 million in annual revenue. DraftKings is nevertheless bigger at $643.five million in revenue final year, but management expects only 48% development at the midpoint of its $900 million to $1 billion in revenue guidance. Within a couple of years, it’s achievable the two online gambling operations will generate related revenue each and every year. MGM says the acquisition will supply a one of a kind chance for the corporation to build a «scaled international on the web gaming business enterprise.»

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