BetMGM Announces Fiscal Year 2025 Report, Highlighting Record Results

A newly published report reveals BetMGM’s performance in 2025. The company’s iGaming revenue grew 24% year over year, while online sports betting revenue surged by 63%. Adam Greenblatt, BetMGM’s Chief Executive Officer, praised the latest results and reaffirmed the company’s confidence in further growth.

A leading sports betting and iGaming operator with a strong presence across North America, jointly owned by Entain plc and MGM Resorts International, BetMGM published its latest financial report.

Published on Wednesday, the Fiscal Year 2025 report highlights strong growth, driven by a notable increase in online sports revenue.

BetMGM Successfully Closes the Fourth Quarter and Fiscal Year 2025

It is worth noting that BetMGM’s total net revenue for Fiscal Year 2025 reached $2.8bn. This figure reflects a 33% year-over-year increase compared to the $2.1bn result for the same period in 2024.

An analysis of the $2.8bn amount reveals that a significant portion of BetMGM's income originated from its iGaming division.

In 2025, BetMGM reported that its iGaming revenue increased by 24% compared to the previous year, reaching $1.8bn.

Even though iGaming revenue captured the majority share of the total, the prominent operator also experienced noteworthy growth in online sports revenue in 2025.

The online sports revenue for 2025 saw a remarkable increase of 63% from the previous year, reaching $903m.

Conversely, BetMGM's retail operations showed a slight dip in revenue in contrast to its iGaming and online sports sectors.

As per the newly published report, retail revenue settled at $66m in 2025, marking a 5% decrease from the $70m recorded in the same period the previous year.

The excellent figures achieved in Q4 2025 enhanced the total net revenue for FY 2025.

According to the most recent financial disclosures, BetMGM's net revenue for Q4 2025 reached $780m.

In contrast to the $560m reported in Q4 2024, the most recent figures indicate a 39% rise compared to last year.

The $780m revenue for Q4 2025 breaks down into $481m from iGaming activities, which is an 18% increase over the previous year, along with $279m from online sports revenue.

Notably, the $279m from online sports revenue marks an exceptional outcome, given that the number indicates an impressive 93% increase compared to the previous year.

Exceeding expectations stems from a refined growth strategy

Adam Greenblatt, the CEO of BetMGM, expressed enthusiasm about the recent results, as our News team discovered from a press release.

"2025 was a landmark year for BetMGM, surpassing predictions by implementing our refined strategy on a large scale. The fourth quarter of 2025 achieved record outcomes, concluding a year where both iGaming and Online Sports showed significant progress, highlighting strong engagement, enhanced player economics, smarter player management, and ongoing improvements to our platform and products," stated the executive.

Furthermore, Greenblatt highlighted: "BetMGM's significantly enhanced profitability and notable EBITDA production now enable us to deliver returns to our parent firms, indicating a distinct turning point in our growth path."

Looking towards 2026, BetMGM's Chief Executive Officer mentioned that the newest outcomes are a confirmation of the company's robustness and assurance in entering a fresh stage of growth.

"As the sector keeps changing, we will persist in concentrating on achieving success the BetMGM way," Greenblatt concluded.

Not long ago, BetMGM reasserted its dedication to sports integrity and athlete protection by updating its anti-harassment guidelines.