BetMGM releases Q2 2026 results, records revenue growth

• BetMGM's Q2 2026 financial report reveals net revenue increase of 3% year-over-year
• The company's online betting revenue in Q2 was on par, but iGaming revenue soared by 8%
• Adam Greenblatt, BetMGM’s Chief Executive Officer, comments

The leading sports betting and iGaming company, jointly owned by Entain plc and MGM Resorts International, BetMGM, enjoys strong growth during the second quarter of 2026, the company’s latest financial results reveal.

Q2 2026 net revenue grows, iGaming revenue up 8%

On Tuesday, the company posted its Q2 2026 financial results, reporting year-over-year revenue growth supported by strong uptick in iGaming.

In total, BetMGM posted $711m in net revenue during the second quarter, a figure that points to a 3% year-over-year increase, compared to the $692m result from the same quarter in 2025.

A breakdown of this total shows a significant growth in the company’s iGaming operations segment.

In Q2 2026, iGaming revenue soared by 8% year-over-year to $483m.

BetMGM confirmed that the solid 8% year-over-year growth was complemented by positive customer engagement and strong product offering.

Equally as important, online sports revenue posted a solid result of $228m in Q2 this year, on par when compared to the same period the prior year.

BetMGM acknowledged the flat year-over-year revenue from online sports betting outlining it is "reflecting strong handle from tentpole events, including NBA playoffs and World Cup, offset by higher player generosity," as explained in a press release.

Unlike the strong iGaming and online betting revenue results, the company posted 97% decrease in retail net revenue, a figure that was "impacted by larger staking bets won by premium players."

Adjusted EBITDA in Q2 this year was $74m, while BetMGM also reported $18m in capital expenditures during the latest trading period.

Despite challenges in the industry, BetMGM remains focused on growth

Adam Greenblatt, BetMGM’s Chief Executive Officer, acknowledged that the company maintained the same discipline in Q2 with which it started this year.

"Our underlying player fundamentals remain healthy, and we are generating positive cash flow and Adjusted EBITDA, enabling us to continue to invest in our highest return opportunities," he added.

Greenblatt pointed to the ongoing regulatory challenges the industry is facing, along with a highly competitive environment, but kept a positive note, saying that BetMGM remains flexible and dedicated to its growth strategy that delivers sustainable profit.

"Looking ahead, we will continue to prioritize 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," he added.

In addition to its Q2 2026 results, BetMGM posted data about its financial performance during the first half of this year.

Per the company’s latest financial report, H1 2026 total net revenue hit $1.40bn, up by 4% when compared to the same period the prior year.

The breakdown of that total shows strong iGaming and online sports revenue increase by 8% and 2% respectively.

Only recently, BetMGM announced the launch of a fantasy football draft sweepstakes promotion.

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