Entain presents the financial balance for the third quarter of the year

A report, which according to the company, has been in line with its expectations. Not in vain, its net income from gaming has grown by 2% in the group total.

Online gambling has also increased, with 1%. As for its user base, the figure is even more positive, with an increase of 6% compared to the same period in 2021.

One of the factors that has boosted these figures the most is the start of the NFL season, which has caused net income of more than 400 million dollars.

Regarding the market share of the Entain group, the report shows that they have a 31% share of the iGaming market and that their online platform, BetMGM, is present in 25% of the market in the states in which they operates, 23% if New York is excluded from the list.

These results are even more optimistic for the fourth quarter, where Entain expects further growth thanks to the hosting of the soccer World Cup and the reinstatement of its licenses to operate online in the Netherlands, which could be active Before the end of the year.

Jette Nygaard-Andersen, CEO of Entain has stated the following regarding the balance sheet:

“Our business continues to perform well with good underlying momentum across the group, including in BetMGM. This illustrates the effectiveness of our growth strategy, the unique capabilities of the Entain platform, and the underlying strength of our diversified global business.

I am delighted that we have welcomed even more customers to our brands across the world. This is a testament to our relentless focus on the customer, as well as the quality of our products, content and talented people.

In the US, BetMGM continues to be the clear leader in the iGaming market, and the successful start to the NFL season also highlights the strength of our growing US sports betting offer.

We have healthy momentum across the business and look forward to a strong finish to the year which includes the World Cup. Looking ahead, we remain vigilant of the economic backdrop. However, our diversified revenue base and robust business model enable us to remain confident in our ability to deliver on our growth and sustainability strategy."

You can read the full report at the following link.