Single Action Bet Tech LLC filed a lawsuit on December 12, 2025, against Penn Entertainment, alleging the company’s iGaming app Hollywood Casino infringed on two of its...
Penn reports record online casino revenue in Q2 2025
Penn Entertainment reveals its online casino and sports betting revenues rose in Q2 2025 to $316.1 million, however, with $62 million EBITDA loss.
Penn reported growth in the online casino and sports betting segment, supported by product improvements and continued developments. The interactive segment generated $316.1 million in revenue, including a $137.9 million tax gross-up.
However, the segment also had an adjusted EBITDA loss of $62 million, partly because of $2.9 million in severance costs related to what the company described as strategic workforce adjustments.
Jay Snowden, President and CEO of Penn Entertainment, stated:
“Our interactive segment generated record gaming revenue in both online sports betting and online casino, driven by ongoing product enhancements and the advantages of our unique omnichannel ecosystem.”
Penn believes the improved revenue was partly influenced by cross-channel engagement. According to Snowden, the number of engaged players in both online and retail channels rose 8% year-on-year, while theoretical revenue increased by 28%.
Snowden added:
“Over 70% of its gaming revenue life-to-date (through June 30) was generated by users that are newly acquired, retail native, or reactivated.”
The standalone Hollywood iCasino app grew during the quarter. New features were also added to ESPN Bet, including a Player Insights tool that allows users to compare player statistics with prop bet markets.
Snowden told about further enhancements planned for the football season:
“This football season marks the exciting launch of FanCenter, which leverages our connectivity with the ESPN ecosystem to enable players to bet on their favourite teams, players, and fantasy lineups through ESPN Bet.”
The company’s wider performance included $1.4 billion in retail revenue and adjusted EBITDAR of $489.6 million.
Penn repurchased $115.3 million of shares in the first half of the year and remains committed to its $350 million full-year buyback target.
Penn’s total liquidity stood at $1.2 billion in Q2, with net debt of $2.1 billion.
Penn Entertainment’s Q3 2025 results came with an announcement about the company's plans to realign its digital strategy.
The update coincided with the news that Penn will...
