Entain’s American interest in BetMGM continues to produce considerable growth for the global wagering giant, with net revenue increasing by 36 per cent in the second quarter of 2025.
BetMGM is a joint venture between Entain and MGM, focused on the booming American sports betting and iGaming market.
Its second quarter results were stronger than expected, with 2025 net revenue now expected to reach US$2.7 billion and EBITDA at least US$150 million.
Online sports revenue surged 56 per cent to US$228 million in the second quarter, part of a total net revenue of US$692 million. BetMGM now has around eight per cent of the American sports betting market.
"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,” Adam Greenblatt, chief executive officer of BetMGM, commented.
“The momentum we have built since the second half of 2024 accelerated through the first half of 2025.
“BetMGM is healthier than it has ever been, a testament to the hard work of our teams and colleagues across the business. Our stronger-than-expected performance through 1H 2025 positions us well for the rest of the year, reinforcing our confidence in the future and the many opportunities ahead.”
