BetMGM Delivers Record $2.8B Revenue, Begins Payouts to MGM and Entain as JV Turns Profitable
The sports betting and iGaming joint venture BetMGM reported a dramatic financial turnaround for fiscal 2025, posting $2.8 billion in revenue and $220 million in EBITDA. The company has initiated capital returns to its parent firms and forecasts further growth for 2026, setting the stage for increased distributions to shareholders like Entain.