BetMGM has increased its 2025 forecast by a lot, thanks to the surge in iGaming and online sports betting. The company now expects net revenue from operations to be between $1.8 billion and $2 billion, up from the $1.8 billion it projected earlier this year.

According to BetMGM, this is due to “continued growth” in online gaming markets and expansion into newly regulated U.S. states. The company, a joint venture between MGM Resorts and Entain, has launched in four new markets in 2024 and will continue to roll out through 2025.

As of June 2025, BetMGM has around 27% of the U.S. iGaming market and 11% of the online sports betting market, making it the largest digital gaming operator.

The company also reiterated its goal to be EBITDA positive in the second half of 2025, with disciplined investment and new product launches.

For an official summary, see the Marketscreener press summary embedded above.

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