BetMGM Updates Full-Year Guidance Due to Strong Performance

Global sports betting and gaming giant Entain has published an update to the full-year guidance of the BetMGM brand due to its continued strength. The company promised to provide more details upon the release of its upcoming H1 update.

Entain Updated the Guidance

Entain, which co-owns BetMGM together with MGM Resorts International, reported that the BetMGM brand has continued its Q1 2025 momentum into the second quarter of the year. As of June 13, 2025, the gaming brand, which has cemented itself as one of the leading sportsbooks and online casinos in North America, had continued to excel, sparking long-term optimism about its future.

Due to strong net revenue growth across both iGaming and online sports betting, Entain updated its revenue guidance for the BetMGM brand, expecting its performance to exceed earlier expectations.

Entain Trusts the Brand to Reach $2.6B in Net Revenue

According to Entain’s announcement, BetMGM’s trading for Q2 has so far been broadly consistent with the 34% year-on-year net revenue growth delivered in the first quarter of the year. Entain added that this continued strength solidified its leadership’s confidence in the brands’ full-year performance.

As a result, Entain now expects the BetMGM brand to exceed a staggering $2.6 billion in net revenue. For comparison, the previous guidance suggested a range of $2.4 billion to $2.5 billion.

In the meantime, Entain expects BetMGM’s EBITDA to be at least $100 million, up from the previous guidance which suggested that the brand will finally turn EBITDA positive.

Entain also reiterated its expectation that its online sports segment will be contribution positive in FY 2025, complementing strong contribution from the online casino vertical.

BetMGM Targets $500M EBITDA

Entain added that the BetMGM leadership remains confident in the business and its capability to increase its EBITDA.

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 statement

The gambling company promised to provide further details upon the release of its H1 update. The update is set to be published on Tuesday, July 29, 2025.

In other news, the Illinois Gaming Board, looked into a recent dispute between BetMGM and a sports bettor who claimed to have rightfully turned $500 wagers into a $389,999 payout by betting on the Chicago Bulls versus the Indiana Pacers. After examining the case, the board upheld BetMGM’s right to cancel the bet due to an obvious and honest mistake committed by the company.