BetMGM posts Fiscal Year 2025 report, highlights record results

• Newly released report sheds light on BetMGM's performance in 2025
• The company's iGaming revenue increased by 24% year-over-year, but online sports betting revenue soared by 63%
• Adam Greenblatt, Chief Executive Officer at BetMGM, praised the latest results and reaffirmed the company's confidence in further growth

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

Released on Wednesday, the Fiscal Year 2025 report highlights strong growth, pushed by a significant increase in online sports revenue.

BetMGM wraps up successful Q4 and FY 2025

Notably, BetMGM's FY 2025 total net revenue hit $2.8bn. This figure points to a solid increase of 33% year-over-year when compared to the $2.1bn result from the corresponding period in 2024.

A breakdown of the $2.8bn figure shows that the majority of BetMGM's revenue came from its iGaming segment.

The iGaming revenue reported by BetMGM in 2025 soared by 24% year-over-year to $1.8bn.

While iGaming revenue claimed the lion's share of the total revenue, the leading operator recorded a significant growth in online sports revenue throughout 2025.

Online sports revenue in 2025 increased significantly by 63% year-over-year, hitting $903m.

In contrast to the iGaming and online sports revenues, BetMGM's retail operations recorded a slight decrease in revenue.

According to the recently released report, retail revenue halted to $66m in 2025, 5% below the $70m figure from the prior year period.

Outstanding results recorded in Q4 2025 complemented the FY 2025 total net revenue.

Per the latest financial update, BetMGM's Q4 2025 net revenue hit $780m.

Compared to the $560m reported in Q4 2024, the latest result signals an increase of 39% year-over-year.

The $780m revenue reported in Q4 2025 breaks down to $481m in iGaming revenue, up by 18% year-over-year as well as $279m in online sports revenue.

Undoubtedly, the $279m online sports revenue represents an outstanding result, considering that the figure points to a whopping 93% year-over-year increase.

Outperformance of expectations is the result of a refined growth strategy

Adam Greenblatt, BetMGM's Chief Executive Officer, spoke with excitement about the latest results, Casino Guru News learned from a press release.

"2025 was a record year for BetMGM, outperforming expectations with the execution of our refined strategy coming together at scale. Q4 2025 saw record performances, completing a year where both iGaming and Online Sports achieved step change results, reflecting robust engagement, improved player economics, sharper player management, and continued platform and product enhancements," the executive said.

Moreover, Greenblatt pointed out: "BetMGM's meaningfully improved profitability and material EBITDA generation now sees us returning cash to our parent companies and marks a clear inflection in our growth trajectory."

Focusing on 2026, BetMGM's Chief Executive Officer said that the latest results are a testament to the company's strength and confidence to enter a new phase of growth.

"As the industry continues to evolve, we will continue to focus on winning the BetMGM way," Greenblatt said in conclusion.

Only recently, BetMGM reaffirmed its commitment to sports integrity and protection of athletes with an update of its anti-harassment policy.

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