“We are thrilled to expand BetMGM’s offering in Ohio,” said Matt Prevost, Chief Revenue Officer, BetMGM, in a press release. “The Reds and Nation Kitchen & Bar are great partners, and together we’re building a premier entertainment venue that we can’t wait to see filled with fans.”
The current sportsbook in the Machine Room at GABP has been underperforming since its debut in January. According to state revenue data, it is the worst-performing retail sportsbook in Ohio.
The new sportsbook will be located in the former Galla Park nightclub space at the corner of Second Street and Joe Nuxhall Way. The location is more centrally located on The Banks and is expected to generate more foot traffic.
The new sportsbook will also be larger than the current location, with more betting kiosks and seating. It will also feature a full-service restaurant, Nation Kitchen & Bar.
The relocation is expected to be completed in the fall of 2023.
Reasons for relocation
There are a few reasons why the Reds and BetMGM are relocating the sportsbook.
- The current location is not as accessible to fans as the new location at The Banks.
- The site is not as large as the new location, allowing BetMGM to offer more betting options.
- The current location is not as profitable as hopefully the new location is. The sportsbook’s total betting handle between January-April was $604,000.
Impact of relocation
The relocation of the Ohio sportsbook is expected to impact both the Reds and BetMGM positively.
For the Reds, the relocation will improve the fan experience at Great American Ball Park. It will also add additional revenue for the team.
For BetMGM, the relocation will give the company a more prominent location in The Banks. It will also allow the company to offer more betting options and generate more revenue.
Conclusion
The relocation of the BetMGM sportsbook is a positive move for both the Reds and BetMGM. The new location is more accessible, larger, and hopefully more profitable. It is expected to improve the fan experience at Great American Ball Park and generate additional revenue for the Reds and BetMGM.
