BetMGM
BetMGM: A pioneering leader in sports betting and online gaming, powered by MGM Resorts and Entain.
Founded
2018BetMGM: A pioneering leader in sports betting and online gaming, powered by MGM Resorts and Entain.
BetMGM's competitive position rests on its exclusive access to MGM Resorts' national casino footprint and entertainment brand, paired with Entain's state-of-the-art US-licensed betting technology.
The company leverages official partnerships with Major League Baseball, the NBA, NHL, and NASCAR, an integrated MGM Rewards loyalty program, and an omnichannel model that connects its mobile app to retail sportsbooks inside MGM properties.
Source: betmgminc.com
BetMGM operates in the U.S. online sports betting and iGaming market, which has expanded rapidly since the 2018 PASPA repeal as state-by-state legalization has continued. The company faces intense competition from DraftKings, FanDuel, Fanatics, and bet365 across licensed jurisdictions.
BetMGM reported 2025 net revenue of roughly $2.8 billion with adjusted EBITDA reaching $220 million, and guided to $2.9 to $3.1 billion in net revenue with $300 to $350 million in adjusted EBITDA for 2026, reflecting maturing unit economics as it moves toward sustainable profitability.
Source: betmgminc.com
BetMGM's core offering is a real-money online sportsbook and casino available via iOS, Android, and the web at betmgm.com, live in more than twenty U.S. states and Ontario. The sportsbook covers spread, moneyline, totals, live in-game betting, same-game parlays, teasers, futures, and player props across professional, college, and international sports.
The product also runs an online casino with slots and table games, a poker client with shared liquidity across licensed states, and horse-racing wagering, all tied into the MGM Rewards loyalty program and BetMGM retail sportsbooks inside MGM casino properties.
Source: betmgminc.com