
BetMGM is the first igaming operator in Canada to introduce branded retail gift cards for fans of sports betting and online casinos.
99% Reclamation
TAPPP, the payment solutions provider with a retail network in the U.S. and Canada, has teamed up with BetMGM, making BetMGM gift cards accessible at 2,500 retail sites in Ontario.
The gift card enables BetMGM users to safely add funds to their sportsbook and online casino accounts through PIN redemption.
2,500 Store Outlets
BetMGM gift cards have been accessible in the U.S. since their launch in September 2021 through a collaboration with TAPPP. The cards are spread out among retailers in 15 different states. TAPPP reports that BetMGM gift cards enjoy a 99% redemption rate in the United States.
“We are constantly seeking new ways to increase the accessibility of our clients’ gift card products,” said Sandy Agarwal, Founder & CEO at TAPPP. “Securing the distribution of BetMGM gift cards in Ontario is another exciting first for us as it opens up an entirely new country for BetMGM and its retail customers.”
Initial iGaming Gift Cards
In Ontario, players using prepaid gift cards have a weekly deposit cap of $250.
According to H2 Gambling Capital, the leading provider of market data for the global gambling sector, BetMGM holds a 7% market share in Ontario.
H2 employs resources such as web traffic, affiliate traffic, and search volume statistics to gauge market size and growth rates in regulated markets lacking official data.
“Ontario has proved to be a robust market for sports betting and iGaming with BetMGM as one of the top-tier operators,” said Matt Prevost, Chief Revenue Officer, BetMGM. “We are proud to be the first to debut sportsbook-branded gift cards and offer players another convenient way to fund their accounts.”
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