BetMGM Reports $711m Revenue in Q2 2026 as iGaming Continues to Drive Growth
The operator generated $711 million in revenue during the three months to June 30, representing a 3% year-on-year increase, while adjusted EBITDA reached $74 million.
BetMGM has reported revenue of $711 million for the second quarter of 2026, with continued strength in its iGaming division helping offset flat performance in online sports betting.
The operator generated $711 million in revenue during the three months to June 30, representing a 3% year-on-year increase, while adjusted EBITDA reached $74 million.
Although EBITDA declined from $86 million reported in the same period last year, BetMGM has maintained its full-year guidance of $300 million to $350 million in adjusted EBITDA, noting that results are now expected to land towards the lower end of that range. Full-year revenue guidance remains unchanged at $2.9 billion to $3.1 billion.
The company's iGaming division continued to be the standout performer, delivering 8% year-on-year growth to $483 million in quarterly revenue. Net gaming revenue per active player also increased by 7%, with management highlighting that iGaming now accounts for almost 70% of BetMGM's total revenue, driven by a consistent pipeline of new game launches.
Meanwhile, online sports betting revenue remained flat at $228 million. Despite this, the business recorded positive engagement metrics, with net gaming revenue per active player rising 9% and handle per active player increasing by 11%.
Commenting on the results, BetMGM CEO Adam Greenblatt said:
"While our industry faces regulatory complexity and an increasingly competitive environment, we remain agile and committed to our strategy that is delivering sustainable and profitable growth.
"Looking ahead, we will continue to prioritise our areas of strength, in particular leveraging our market-leading iGaming offering across multi-product states, our omnichannel advantage in Nevada, and serving our higher-value customers. These strengths, combined with our disciplined strategic execution, underpin our confidence in the long-term outlook of our business."
