BetMGM Gains Momentum in Pursuit of iGaming Expansion in Alberta

Super Bowl LVIII is just a few days away and Canadians are gearing up for the big game between the San Francisco 49ers and Kansas City Chiefs. With 66.6% of bets on the spread favoring the Kansas City Chiefs and 71% of bets on the total favoring the over, theScore Bet has provided some interesting betting insights ahead of the game. Some of the most popular prop bets include Travis Kelce to score a touchdown, Christian McCaffrey to score a touchdown, and Patrick Mahomes over 1.5 passing touchdowns.

In other news, BetMGM has reported a strong financial performance in 2023, with net revenue growing 36% year over year to $1.96 billion USD. The company also achieved EBITDA profitability in the second half of 2023 and has a market share of 14% in sports betting and igaming markets across its U.S. jurisdictions.

Meanwhile, there is speculation that Alberta may be moving towards implementing a regulated igaming market, similar to Ontario’s model. Officials from Alberta recently participated in a roundtable at a major gaming and igaming trade show in London, England, and there are signs of potential momentum in the province.

Paysafe, a multinational online payments company, has conducted a study on sports bettors’ payment habits, desires, and tendencies. The study found that players prioritize their favorite payment methods’ availability and seamless deposits when selecting a sportsbook. In Ontario, 50% of respondents reported having a “preferred online sportsbook” with an average of 1.3 accounts per user. Quick and easy payouts, a brand they trust, and quick and easy withdrawals were identified as important factors for Ontarians when choosing a sportsbook.

The study also revealed that Ontarians appear to be gambling cautiously and responsibly, with the majority placing one bet or less per month. It also suggests that Canadians should consider opening multiple sports betting accounts to take advantage of better odds and promotional offers.

Overall, the sports betting and igaming landscape in Canada is evolving, with potential developments in Alberta and insights into the habits of bettors in Ontario. With the Super Bowl just around the corner, Canadians are eagerly anticipating the big game and making informed wagering decisions. Stay tuned for more updates and insights from Canada Sports Betting.