BetMGM Raises FY 2025 Forecast Following Strong iGaming and Sports Betting Growth

BetMGM, the online gaming and sports betting platform jointly operated by MGM Resorts and Entain, has updated its financial guidance for fiscal year 2025, raising expected net revenue to at least $2.6 billion, up from the previous estimate of $2.4–$2.5 billion. This revision reflects strong growth in both its iGaming and online sports betting divisions.

In the first quarter of 2025, BetMGM reported a 34% increase in net revenue, reaching $657 million, driven by a 27% rise in iGaming revenue and a remarkable 68% increase in online sports betting revenue. (MGM Investors)

The company has also introduced promotional offers for new users, including a bonus of up to $1,500 in free bets using the promo code “CBSSPORTS”.

These initiatives highlight BetMGM’s commitment to expanding its presence in the North American online gaming market, providing players with enhanced experiences and competitive promotions.