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Entain reports 23rd consecutive quarter of double-digit online growth

In its Q3 trading update, Entain has reported its 23rd consecutive quarter of double-digit online growth.

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For the period from 1 July to 30 September 2021, group net gaming revenue (NGR) grew 4% year-on-year, with online NGR growing 10%. Excluding Germany, online NGR increased by 18%.

The group highlighted BetMGM’s strong growth, with a 23% market share across the US in sports betting and iGaming for the three months to August. It is now live in 16 jurisdictions, with recent launches in Arizona, Wyoming and South Dakota.

The company also noted that its Advanced Responsibility & Care (ARC) programme continues to make good progress, while the Entain Foundation US funded research with the University of Nevada in Las Vegas and launched a new app to support the American Gaming Association’s (“AGA”) Responsible Gaming Initiative.

“These results demonstrate Entain’s continuing ability to deliver sustainable, consistent and diversified growth,” said Entain CEO Jette Nygaard-Andersen. “Our powerful Entain platform provides customers with great products and experiences, which enables us to grow ahead of our markets as demonstrated by 23 consecutive quarters of double-digit online growth.

“We continue to lead our industry in the all-important area of player protection, and I am excited by the early results of our innovative ARC programme, which we firmly believe has the potential to transform player protection across the industry.”

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