BetMGM has revised its financial guidance upward for full-year 2025, citing continued strength in online sports betting and iGaming performance. The joint venture between Entain and MGM Resorts now expects net revenue to reach at least $2.6 billion, surpassing earlier estimates of $2.4 billion to $2.5 billion.
Consistent Growth Fuels Optimism
The guidance upgrade follows sustained momentum in 2025, with Q1 delivering a 34% year-over-year revenue jump — a trend that carried into the second quarter through mid-June. Entain noted that this growth has been driven by rising player activity and increased handle across both core business areas.
“BetMGM’s positive momentum seen during 1Q 2025 has continued […] with strong net revenue growth across both iGaming and Online Sports, driven by handle growth,” the company stated.
Alongside the revenue revision, BetMGM has raised its EBITDA projection for 2025 to at least $100 million. This is a significant increase from its earlier expectation of merely achieving breakeven. The company also reaffirmed that its online sportsbook will deliver a positive financial contribution this year, while iGaming remains a key earnings driver.
Expanding Partnerships and Strategic Moves
In addition to financial improvements, BetMGM has been expanding its operational footprint. In June, the operator announced a partnership with Push Gaming to bring new casino titles, including Bellagio Diamonds and MGM Grand Gamble, to players in Michigan. This marks Push Gaming’s first U.S. launch outside of Ontario.
Back in May, BetMGM also inked a deal with Century Casinos to launch a sportsbook in Missouri, expected to go live once the market opens in December.
These developments reflect a broader strategic evolution, one that Entain and MGM Resorts believe positions BetMGM for long-term gains. “BetMGM remains excited about the significant opportunities ahead. Its strengthened business, revised strategic approach, and performance momentum further reinforce its confidence in future growth prospects and pathway to $500 million EBITDA in the coming years,” Entain noted.
Half-Year Update Ahead
The company plans to provide a more detailed financial and strategic update during its H1 2025 earnings announcement, scheduled for July 29. Investors are expected to receive further insights into second-quarter performance and forward-looking expectations.
For Entain, BetMGM has been a central contributor to overall earnings, accounting for roughly 40% of its revenue in 2024. The ongoing growth trajectory continues to support Entain’s efforts to expand its global betting and gaming footprint.
Looking ahead, BetMGM aims to sustain its upward trajectory by focusing on product innovation, strategic partnerships, and expanding into new markets, positioning itself as a dominant force in North American gaming.
Source:
“BetMGM – Upgraded FY 2025 Guidance”, entaingroup.com, Jun 16, 2025
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