Gaming giant MGM makes a $4 billion bet on the future of online casino gambling with the launch of Big Vegas.

On Tuesday, MGM Resorts International announced the launch of Big Vegas, an online casino gambling site aimed at U.S. players. The new site is part of MGM's efforts to capitalize on the rapidly expanding online gambling market, which is expected to reach $21 billion by 2020, according to research firm H2 Gambling Capital.

With more than $4 billion in total revenue last year, MGM is one of the world's largest casino operators and the move into online gambling reflects its desire to maintain its position at the top of the industry. The company has already secured a number of partnerships with major gaming providers, including Playtech and IGT, in order to offer a wide range of betting options on Big Vegas.

For U.S. players, the launch of Big Vegas comes as good news amid increasing uncertainty about the future of online gambling in their country. In October last year, then-Interior Secretary Ryan Zinke signed a memorandum that would allow for such activity only on tribal lands. This has led to a legal battle between the Department of Justice and states like New Jersey that have been pushing for wider online gambling rights.

MGM has been quick to defend its actions, stating that Big Vegas will be offered solely from within states where it is legal to do so. Spokesman Gordon Absher told Reuters: "We respect individual state regulation of gaming and this offering provides people within those states access to our products in compliance with state law."

The company has also made it clear that it remains committed to its land-based operations and does not see Big Vegas as a threat to them. Nevertheless, with revenues from traditional casinos waning in recent years, MGM clearly sees potential in the burgeoning online gambling market and is looking to make a big bet on its future success.

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