Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading homepage
Loading
Home›Research›Companies

Companies

Loading
Home›
Research›
Companies›
BetMGM›
Analysis
AddedFeb 16, 2024
UpdatedJul 5, 2026
BetMGM

BetMGM

Seed

BetMGM: A pioneering leader in sports betting and online gaming, powered by MGM Resorts and Entain.

HQ
Jersey City, NJ, US
Founded
2018
Loading
Overview
Analysis
Compare
Fundraising
Employees
News
Website
Revenue Estimate
$2.8B

Contents

  1. 01Products & Services
  2. 02Market Outlook
  3. 03Competitive Strengths
  1. 01Products & Services
  2. 02Market Outlook
  3. 03Competitive Strengths

Product Overview

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.

Market Outlook

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.

Competitive Advantages

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.