During a BetMGM business update last month, the venture indicated that it ended 2022 as one of the top three sportsbook operators in the U.S. with a nationwide market share of approximately 13%. As a standalone entity, BetMGM is valued from $3 billion to $6 billion, while trending toward the higher end of the range, Roundhill Investments CEO Will Hershey told Sports Handle. Hornbuckle did not address whether MGM Resorts would make an attempt to take full control of BetMGM at some point this year.