BetMGM Achieves Record Growth in Q2 2025, Raises Full-Year Revenue Forecast to $2.7 Billion

Strong Performance Signals Market Leadership

BetMGM has demonstrated remarkable growth in the second quarter of 2025, with revenue surging 36% year-on-year to reach $692 million, up from $509 million in the same period last year.

The company’s online sports betting segment showed particularly impressive results, with revenue increasing 56% to $228 million, supported by a 25% rise in betting handle to $3.43 billion. BetMGM currently maintains a significant market presence with a 14% combined market share across active states, including a commanding 22% share in iGaming and 8% in online sports betting.

Financial Highlights and Strategic Growth

For the first half of 2025, BetMGM’s total revenue reached $1.35 billion, marking a 35% increase from the previous year. This growth was driven by significant improvements across both iGaming (up 28% to $891 million) and sports betting (up 61% to $422 million). The company’s betting handle for the six-month period saw a 27% increase to $7.5 billion. Notably, EBITDA for the first half stood at $109 million, a substantial improvement from a loss of $123 million in the same period in 2024.

Updated Outlook and Strategic Direction

Following these strong results, BetMGM has raised its full-year revenue target to at least $2.7 billion and increased its 2025 EBITDA forecast to at least $150 million. This upgraded target exceeds the initial forecast of $2.4 billion and represents the second upward revision this year.

As CEO Adam Greenblatt noted, “BetMGM has seen a strong first half of the year, delivering significant revenue and EBITDA growth that is underpinned by the ongoing execution of our strategic plan”.

The company maintains a strong commitment to responsible gambling practices, providing customers with comprehensive resources and tools while collaborating with community groups to ensure a sustainable gambling experience.