BetMGM continued to grow its business during the second quarter of 2026 – see more details:

  • BetMGM generated net revenue of USD 711 million (ca. EUR 625 million) in the second quarter, up 3% compared with the same period last year. Adjusted EBITDA reached USD 74 million (ca. EUR 65 million), while first-half revenue increased 4% to USD 1.406 billion (ca. EUR 1.2 billion). The company said it continued to generate positive cash flow during the quarter.
  • iGaming remained the strongest part of the business. Revenue from online casino rose 8% to USD 483 million (ca. EUR 424 million), while online sports revenue stayed flat at USD 228 million (ca. EUR 200 million) despite a 2% increase in betting handle to USD 3.49 billion (ca. EUR 3 billion). According to BetMGM, strong betting around the NBA Playoffs and FIFA World Cup was offset by better results for customers.
  • BetMGM Q2 2026 also showed a slight decline in average monthly active players to 875,000, down 3% year-on-year. The company said this reflected a more selective approach to customer acquisition rather than weaker player activity. Spending per active customer continued to improve during the first half of the year.
  • BetMGM held a 13% gross gaming revenue market share across its active markets, including 20% in iGaming and 8% in online sports betting. During the quarter, it expanded its exclusive casino portfolio with new Game of Thrones titles in Ontario and additional proprietary slot releases. The company also reported a 10% increase in online sportsbook handle in Nevada during the first half.
  • Looking ahead, BetMGM continues to expect full-year net revenue of USD 2.9-3.1 billion (ca. EUR 2.5-2.7 billion) and Adjusted EBITDA of USD 300-350 million (ca. EUR 264-308 million), although both are now expected towards the lower end of the range. The company also said regulatory uncertainty around prediction markets could delay its longer-term target of USD 500 million (ca. EUR 439 million) in Adjusted EBITDA beyond 2027. CEO Adam Greenblatt said: “Our underlying player fundamentals remain healthy, and we are generating positive cash flow and Adjusted EBITDA.”

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