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1, the companies will be in Mississippi as well. MGM’s two properties there will be the first casinos to offer sports betting in the state. However, where MGM and Boyd will go next isn’t exactly clear. As it said, it’s eyeing various states where it has a casino and online licenses are available. That puts a handful of states in play that have the legal framework for mobile sports betting either in place, or ready to go, including: Once MGM Springfield opens, MGM and Boyd say combined, the two will operate gaming facilities in 15 states. How long will it be before they start wielding the considerable power and influence they enjoy? How long until they convince lawmakers that online gambling and sports betting is good for all involved? If the pair can successfully push for online gambling and sports betting legislation here, both will come out big winners. Particularly if the markets are anywhere near the size MGM and Boyd hope they are. But so will the average American gambler.
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PA sports betting licenses are available for $10 million. Wilmott told investors that Penn is actively working to shape online gambling and sports betting legislation in other states, too. In the future, it would prefer the more operator-friendly framework in place in West Virginia, for example. Pennsylvania’s new law and the introduction of state-regulated online gaming makes the headlines, but Penn’s sights are set on the pending $2.8 billion acquisition of Pinnacle Entertainment. In the meantime, the group has also invested $57.1 million at auction for two of PA’s new satellite casinos. Given the focus on Pinnacle, a return on this investment is likely some time off.
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