BetMGM reported 2025 net revenue of $2.8bn, compared with $2.1bn in 2024, and said quarterly net income reached $60m. Annual iGaming revenue was $1.8bn and online sports betting revenue was $903m; chief executive Adam Greenblatt said both businesses posted record results.
BetMGM reported higher revenue and quarterly net income, with record results in both iGaming and online sports betting.
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US betting operators including DraftKings, FanDuel and BetMGM have restricted or are phasing out credit-card deposits, while some states have enacted or considered bans. Analysts Jordan Bender and Sam Ghafir said the effect on operators’ income was expected to be limited; Flutter Entertainment also reported no material impact after removing the option. FanDuel said its US ban took effect on 2 March 2026.
Nevada’s Gaming Control Board warned operators that participation in sports event contracts could jeopardise their standing in the state, according to the report. MGM Resorts International chief executive Bill Hornbuckle praised the board’s position, while its chair said FanDuel and DraftKings intended to engage in unlawful activity related to the contracts.
BetMGM reported third-quarter net revenue of $710 million, up 7% year on year, and adjusted EBITDA of $86 million, more than double the prior-year figure. Average monthly active users fell 3% to 878,000; the company attributed the decline to changes in player acquisition and management. BetMGM reiterated 2026 revenue guidance of $2.9 billion to $3.1 billion and adjusted EBITDA guidance of $300 million to $350 million.
PlayUSA reported, citing Front Office Sports, that PENN, BetMGM and Flutter executives expected intense competition around the NFL season. Flutter also planned to combine FanDuel Predicts with its broader app before regular-season play.
BetMGM lowered its revenue forecast to $2.9bn-$3.1bn and said it expects adjusted EBITDA at the low end of its previously stated $300m-$350m range. Chief executive Adam Greenblatt cited higher customer acquisition costs and criticised prediction-market platforms, which he described as new sports betting companies.