BetMGM needs at least $115 million in adjusted EBITDA in Q4 to meet its 2026 guidance, according to a media report. The report said Q3 adjusted EBITDA more than doubled to $86 million, while active customer numbers continued to decline.
BetMGM’s Q4 requirement and declining active customer numbers matter to investors assessing its guidance.
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It was reported that BetMGM’s second-quarter revenue reached $711m. The operator released financial updates covering both the quarter and first half.
MGM reported consolidated revenue of $4.5bn for the three months ended 30 June 2026, up 1% year on year. MGM Digital revenue rose 20% to $196m, while the division’s adjusted EBITDAR loss widened to $31m; CEO Bill Hornbuckle also said the MGM Osaka project remained on schedule to open in 2030.
DraftKings and FanDuel each contributed $10.4 million to a Nebraska campaign supporting two ballot measures to legalise mobile sports betting, according to the report. Voters are due to decide on the measures on 3 November; approval of both would allow mobile sportsbooks to partner with licensed racetrack casinos.
Sportsbook giants DraftKings and FanDuel have each committed $10.4 million to the push to bring mobile sports betting to Nebraska. The statewide vote takes place on Tuesday, Nov. 3.
Nebraska voters are due to decide on Initiatives 440 and 441 on Tuesday, according to reports. Both measures must pass to authorise mobile sports betting through licensed racetrack casinos; the proposals set a 20% tax on gross gaming revenue and direct 70% of proceeds to property-tax relief.
The IBJR said its monitoring and economic simulation identified 60,477 suspected betting sites in Brazil, with data updated to 27 October. It estimated annualised clandestine-market GGR at R$56bn, up from R$27.9bn, but said the 101% increase was a simulation rather than a direct market measurement. The report also said 85 federal authorisations covering 82 companies expired on 25 October after a 30-day period.
The Brazilian Responsible Gambling Institute (IBJR) said its LegitBet monitoring system identified 60,477 suspected betting sites operating in Brazil after the federal government's provisional measure banned fixed-odds betting. The institute estimated that the clandestine market may have grown 101% since 25 September, with data updated to 27 October, according to the IBJR.