BetMGM has given its chief product officer broader C-suite responsibilities, promoting Jarrod Schwarz to the role of chief operating officer.
The operator announced on Friday that after nearly five years in the CPO chair, Schwarz will now oversee product, customer operations, technology and trading in his new role.
“Jarrod has been an integral part of our incredible team, building BetMGM into one of the most recognizable and successful brands in sports betting and iGaming,” said CEO Adam Greenblatt. “He has consistently demonstrated strong leadership, strategic thinking, and a deep understanding of our business. I’m confident that this change will ensure we continue to deliver exceptional products and experiences to our players.”
Schwarz has two decades of experience in building digital products at across e-commerce, sports and entertainment, including seven years spent at Disney which included the launch of the direct-to-consumer streaming ESPN+. He also spent six years at eBay.
“It’s a privilege to continue the incredible journey we’ve been on at BetMGM, building on our momentum in sports betting and iGaming,” said Schwarz. “Together with our exceptionally talented team, I look forward to pushing the boundaries of innovation and strengthening our position as a market leader.”
Reshuffling the deck
The release announcing Schwarz’s new role noted that BetMGM is also moving its strategy, corporate development and select business development functions under the umbrella of the finance organization, led by CFO Gary Deutsch.
BetMGM recently restructured into distinct sports betting and iGaming verticals, led by Raymond Doyle and Oliver Bartlett, respectively. The company said the changes were designed to facilitate more streamlined planning and collaboration and to more closely align and integrate strategic capabilities.
Analysts and observers across the industry generally consider BetMGM to be in a battle with Fanatics for the bronze podium position in terms of online sports betting market share in the U.S., behind the runaway top two of FanDuel and DraftKings. Analyst firm Citizens JMP this week pegged its OSB share for August 2025 at 8%, above Fanatics’ 6.1%.
On the iGaming front, Greenblatt and executives said earlier this year that it is comfortably in third place, with an estimated 22% share.
One of BetMGM’s parent companies, MGM Resorts International, also undertook C-suite changes in September, naming Ayesha Molino as chief operating officer and promoting Gary Fritz to chief commercial officer and president of MGM Digital.
