BetMGM, the joint venture of Entain and MGM Resorts, has upgraded its 2025 revenue guidance for the second time in two months, now expecting at least $2.7 billion for the year, alongside $150 million in EBITDA, up from the prior $100 million forecast.
The boost follows a 35% year-on-year revenue surge in H1 2025 to $1.35 billion, with Q2 contributing $692 million (up 36%). Growth drivers include:
- iGaming net revenue: +29% in Q2 to $449 million, +28% in H1 to $891 million
- Sports betting revenue: +56% in Q2 to $228 million, +61% in H1 to $422 million
- Active player growth: +7% in Q2 (901M monthly actives), +6% for H1 (984M)
- Market share: 14% GGR in active states (22% iGaming, 8% online sports betting)
CEO Adam Greenblatt said BetMGM is “healthier than it has ever been,” with momentum from late 2024 accelerating into 2025, fueled by record iGaming performance and refined player targeting in online sports.
