iGaming Q3 saw the early bets placed back in Q2 2025. Now, when the results are in, Betsson, MGM Resorts, Flutter, Entain, Wynn, and DraftKings leave us curious about the...
BetMGM raises 2025 outlook to $2.6B after record start
BetMGM has raised its full-year revenue forecast for 2025, now expecting to make at least $2.6 billion, up from the earlier range of $2.4 to $2.5 billion.
BetMGM’s record Q1, where the company’s net revenue jumped 34% compared to last year, is the main driver of the forecast increase. What’s exciting is that the Q2 also did not remain behind. As a result, BetMGM now believes it can deliver at least $100 million in adjusted EBITDA in 2025. This would be a major improvement from the $244 million loss in 2024.
BetMGM shared a press release:
“BetMGM remains excited about the significant opportunities ahead. Its strengthened business, revised strategic approach, and performance momentum further reinforce its confidence in future growth prospects and pathway to $500 million EBITDA in the coming years.”
BetMGM has also gained early approval to launch in Missouri, ahead of the state’s planned rollout of online sports betting in December.
Stella David, who was confirmed as Entain’s (the parent company of BetMGM) permanent CEO, will now lead the company through this next phase of growth.
A full Q2 report on BetMGM’s performance will be released on July 29.
BetMGM has become a sponsorship partner for all three of Pittsburgh’s major professional sports teams after finalizing a deal with the NHL’s Penguins.
This agreement with...
