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BetMGM

BetMGM

BetMGM is a US online sports betting, online casino and poker operator formed in 2018 as a fifty-fifty joint venture between MGM Resorts International and Entain, headquartered in New Jersey. It operates the BetMGM sportsbook in more than twenty states plus Ontario, online casino in New Jersey, Michigan, Pennsylvania and West Virginia where it is among the market leaders, and BetMGM Poker on shared liquidity across several states, using Entain's technology platform and MGM's casino brand and rewards programme. The business turned profitable on an EBITDA basis in 2025 and is the largest online casino operator in the United States by revenue.

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BetMGM at a glance

Stories
24
Last covered
October 2026
Coverage since
January 2026
Segment
Operator

Latest coverage

The Bellagio fountains in full show in front of the Bellagio resort in Las Vegas at dusk
Corporate

MGM Resorts Strip Profit Falls 12% on Room Rates as MGM China Posts a Record

Lower room rates cut MGM Resorts' Las Vegas Strip earnings by 12% in the third quarter, while MGM China posted record revenue and a record share of Macau. With the People Inc. bid gone, management turned to buybacks and to roughly $1 billion a year of spending on MGM Osaka in 2027 and 2028.

A paved city-centre street lined with ornate sandstone Victorian buildings, with a green steel bridge crossing overhead under a pale sky
Corporate

Entain Holds FY26 Guidance as UK Online Grows 14% and Brazil Falls 36%

Entain's British online business grew 14% under the new 40% gaming duty, while customer-friendly football results and a Brazilian unit that shrank by more than a third before the ban held the group to 2%. Guidance survives with profit pinned to the bottom of the range, and the chief executive used the update to lobby the government before the Budget.

Kansas City's skyline and Union Station under a wide blue sky, seen from the lawn of the National WWI Memorial
Sports Betting

DraftKings and FanDuel Add Another $7m to Nebraska's Ballot Push, Taking It to $14.65m

DraftKings and FanDuel gave $3.5 million each in the latest reporting period, taking Tax Relief Nebraska's fundraising to $14.65 million for two online sports betting measures on the 3 November ballot. The committee registered to oppose them had reported nothing raised or spent by the same date, on Ballotpedia's count.

The Boston skyline across the Charles River
Corporate

Massachusetts Casinos Took $101.9m in August as Sportsbooks Held 8.3% on $570m

Encore Boston Harbor produced $62.8 million of the three casinos' revenue, up from $95.7 million in July across the state, and the seven mobile books plus three retail counters generated just over $47 million of taxable sports revenue. DraftKings settled $275.1 million of it, nearly twice FanDuel, in the last full month before the NFL.

A Southern California city skyline at dusk under a pink and purple sky, seen from the hills
Prediction Markets

IGA's Rocha: "DraftKings Has to Come Down Like a Piñata" Once Kalshi Loses

The Indian Gaming Association chair told Gaming America that more tribal lawsuits are coming after the Ninth Circuit, that DraftKings' tribal partnerships in Connecticut, Arizona and Washington are at risk over its prediction-market push, and that the Supreme Court will rule against Kalshi. CNIGA's James Siva: "We're keeping track."

American flags on city buildings
Regulatory

VGW Puts $351,000 Into Alabama Politics, $130,000 of It Behind Tommy Tuberville

New Alabama filings show the Chumba Casino owner gave the Republican governor candidate a further $100,000 on 31 August, $170,000 to a PAC funded by DraftKings, FanDuel, BetMGM and the Poarch Band, and $10,000 to $20,000 apiece to six state senators, 36 contributions in five months in a state with no lottery and no regulated online gambling.

An American football player in a gold and blue uniform running with the ball against a dark background
Sports Betting

EKG Puts NFL Wagering at $40bn This Season With Prediction Markets Taking 21%

Eilers & Krejcik's first combined forecast credits sportsbooks with $31.7 billion and the exchanges with an $8.4 billion "handle analog", a translation of exchange volume into sportsbook terms that it has not published. The AGA sees sportsbooks flat at $29.5 billion; Week 1 data suggests the exchange share may be larger.

Rows of lit slot machines with blue stools on a patterned carpet beneath an ornate gold casino ceiling
Corporate

Atlantic City's August: Floors Down 5.5%, Sports Down 25%, Only iGaming Grew

New Jersey's total gaming revenue fell 4.1% to $615.7m as eight of nine casino floors lost ground and a late football calendar cut sports betting revenue to $61.4m. Online casino rose 4.4% to $259.3m but came off July's record, and for a second month the floor out-earned the internet. The summer as a whole was the resort's best in ten years.

A Canadian flag flying in front of a parliament building
Regulatory

Offshore Casino Uses a Deepfake of Alphonso Davies's Father to Sell to Albertans

An Instagram ad showed the Bayern Munich defender's father arrested over a vault of cash, cleared, and then urging viewers to play the same casino, with an AI Drake for good measure. The link went to a Comoros-licensed site two months after Alberta opened a regulated market that bans athletes from casino ads altogether.

A smartphone showing a generic sports betting app propped against a football on the touchline of an empty stadium pitch
Corporate

LeoVegas Group Launches Proprietary Tiger Sportsbook in UK Across BetMGM, LeoVegas and BetUK

LeoVegas Group has brought its proprietary Tiger sportsbook to the United Kingdom, deploying it simultaneously across three brands in one of the world's most competitive regulated betting markets. The move completes the platform's rollout through Denmark, Brazil and Sweden and marks the group's most consequential statement yet of intent to own its own technology stack.

The DraftKings logo in front of a sportsbook screen
Prediction Markets

Prediction Markets Capture 27% of US Sports Betting During World Cup

Kalshi, Polymarket and Robinhood's Rothera took roughly 27% of all legal US sports-betting volume during the tournament, up from about 9% in January, according to H2 Gambling Capital. Kalshi drew more daily app users than either DraftKings or FanDuel.

Close-up of Mastercard and Visa credit cards lying beside a stack of banknotes
Prediction Markets

Prediction Markets Top $50bn in June, Out-Trading US Sportsbooks on the World Cup 10 to 1

Kalshi, Polymarket and Robinhood's new Rothera venue combined for more than $50 billion in trading volume in June, dwarfing the handle traditional US sportsbooks are projected to take across the entire World Cup. The tournament has become the clearest evidence yet that event contracts are competing with regulated betting, not sitting beside it.

Casino Guru reveals shortlist for 4th annual Casino Guru Awards 2026
Press Release

Casino Guru reveals shortlist for 4th annual Casino Guru Awards 2026

Following hundreds of high-quality applications from companies and individuals across the entire industry spectrum, Casino Guru has narrowed the field to the strongest candidates in each category who demonstrated unfaltering compliance with the format’s requirements.

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