Finance
BetMGM boosts annual forecast on iGaming, online growth
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
BetMGM increases its revenue forecast to $2.6 billion, driven by strong iGaming and online sports growth, anticipating $100 million in core earnings by 2025.
(Reuters) -Ladbrokes owner Entain said on Monday BetMGM, its U.S. sports-betting joint venture with MGM Resorts, raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions.
BetMGM, which has been growing its online presence and capitalising on a booming e-betting market, now expects revenue of at least $2.6 billion and core earnings of at least $100 million in fiscal 2025, Entain said.
It had earlier forecast revenue of between $2.4 billion and $2.5 billion, and positive earnings before interest, taxes, depreciation, and amortization (EBITDA).
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Rashmi Aich)
BetMGM now expects revenue of at least $2.6 billion for the fiscal year.
The increase in revenue forecast is driven by strong growth in its iGaming and online presence.
Previously, BetMGM had forecasted revenue between $2.4 billion and $2.5 billion.
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