BetMGM partners with Revolutionary Racing Kentucky

August 7, 2023
Leer en Español

The agreement will allow BetMGM to bring its sports platform to Kentucky when legalized sports betting launches there.

BetMGM has a new market access agreement with Revolutionary Racing Kentucky, which allows BetMGM to bring its online and retail sports platform to the state of Kentucky when legalized sports betting launches there.

The companies together will also open a retail BetMGM Sportsbook at Sandy’s Racing & Gaming in Ashland, Kentucky.

BetMGM CEO Adam Greenblatt said, "Kentucky has a rich history in sports and a passionate fan base. Revolutionary Racing is an ideal partner, enabling us to deliver an entertaining and responsible gaming experience, while investing in the state through job creation and tax revenue."

BetMGM is now positioned to offer its online sports betting services as soon as Kentucky’s regulated market opens, pending licensure and regulatory approval.

The companies are also planning to open a 5,200-square-foot retail BetMGM Sportsbook at Sandy’s Racing & Gaming. It will be a $75m gaming and entertainment facility. Next to Sandy’s, Kentucky’s first quarter horse racetrack and equestrian center will be built, with the first races slated for 2025.

Revolutionary Racing CEO Prentice Salter said, "We promised to bring a world-class facility to Ashland and wanted a world-class partner for online sports wagering across the Commonwealth and at our sportsbook lounge. We've got that with BetMGM."

BetMGM recently released a business update for the first half of 2023, reporting $944m in net revenue.

Barry Gibson, Entain Chairman (which owns half of BetMGM), exclusively told Gaming America“I’m delighted that it's making continuing progress. We see ourselves moving into cash positive in terms of profitability for the second half of the year. In fact, for the second quarter, we moved into profitability, which is a really big milestone to get to."


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

The top 5 properties that changed Las Vegas

Regular Gaming America contributor Oliver Lovat joins Tim Poole on the Huddle to discuss his 5 properties that changed Las Vegas - giving every resorts an influence rating out of 10. The question is: do you agree?


Peter Schoenke - Sports betting is here... but fantasy sports keeps growing

Peter Schoenke joins Tim Poole on the Huddle to discuss all things fantasy sports. His brand, RotoWire, is at the intersection of the affiliate and fantasy worlds, generating revenue from subscriptions, providing APIs to operators and via affiliate marketing. We discuss:

Within the states of Florida and California, Tribal gaming finds itself in a fascinating position. In Florida, only the Seminole Tribe, and Hard Rock, can provide mobile sports betting, with continued legal challenges f...

Viewpoints: Discussing the use of player loyalty programs
Industry experts answer Gaming America's burning questions on all things related to Tribal operators and player loyalty programs, including Rymax, CasinoTrac, OIGA, Mohegan and Choctaw Nation of Oklahoma.
Sports betting regulation in Brazil: What can we expect?
Mattos Filho's Fabio Kujawski speaks to Gaming America about the uncertainty surrounding Brazil's roadmap to regulation and the need for a singular gaming authority.
Going private: Gaming's new standard?
A state of neo-IPO: Gaming America investigates, as more and more companies come off the public market.
Soloviev Group CEO: Moving to New York
The Soloviev Group, in collaboration with Mohegan, continues to wait on the NYGC for approval on its Freedom Plaza project. Gaming America spoke with Soloviev Group CEO Michael Hershman to learn more.