Stay ahead of every line

Daily betting and casino industry insights, straight to your inbox.

Subscribe BetFocus cover image
BetMGM Q2 Results: Sports Betting Segment Stagnant
By Editorial profile image Editorial

BetMGM Q2 Results: Sports Betting Segment Stagnant

BetMGM reported no growth in its sports betting segment in Q2 this year, as active monthly users dropped by 3%.

BetMGM reported no growth in its sports betting segment in Q2 this year, as active monthly users dropped by 3%.

The company highlighted a lack of growth in its sports betting division for Q2, with a 3% decrease in active monthly users. BetMGM anticipates a delay in achieving its targeted Adjusted EBITDA of $500 million, attributing this setback to the influence of prediction markets on its operations. The Q2 business update from BetMGM also mentioned a stagnant overall revenue...

By Editorial profile image Editorial
Updated on
Sportsbook BetMGM Q2 Results Active Users Adjusted EBITDA Prediction Markets