Operators / BetMGM

BetMGM

Operator · BetMGM, LLC · Jersey City, New Jersey[1],[2]

www.betmgm.com

50/50 joint venture of MGM Resorts International and Entain plc, originally formed as Roar Digital (announced July 2018, named Jan 2019); rebranded BetMGM. parent field left null because it is jointly owned (see MGM Resorts and Entain operator files).

Financials

Est. U.S. revenue $2.8B · FY2025 · Entain/MGM FY2025 BetMGM net revenue release; US + Ontario Canada not broken out[8]

BetMGM LLC is the 50/50 US joint venture between MGM Resorts International and Entain plc (formed July 2018; app rebranded from PlayMGM to BetMGM in September 2019). BetMGM does not file its own public statutory accounts; figures below are the full-year net revenue (and, where published, net income/loss) that BetMGM, MGM Resorts or Entain jointly announced in press "business updates." No full-year 2019 net revenue figure was found (2019 was a partial/transition year for the BetMGM brand), so the earliest year here is 2020. For several years only an EBITDA or "EBITDA loss" figure was published and no net income/loss was disclosed; in those years net_income is omitted rather than estimated from EBITDA. Net revenue is reported on a "net revenue from operations" basis that the companies describe as non-GAAP in some years (a GAAP net revenue figure, when separately disclosed, is noted on the relevant source).

Brands

• BetMGM Sportsbook — Sports (online)
• BetMGM Casino — Online casino

Latest reported 12-month window

Available reports within each market’s latest 12-month window; missing months may make totals incomplete. License-holder totals may include partner-operated brands; rows are not necessarily additive.

Licenses

Regulatory actions

Sources

1. MGM Resorts International · retrieved Oct 10, 2026
2. Entain · retrieved Oct 10, 2026
3. BetMGM Growing As Contender For Sports Betting Medal Stand · retrieved Oct 11, 2026

   secondary source only. Reports BetMGM closed 2020 with $178 million in net revenue (ahead of $150-160m guidance), and that the joint venture recorded a net loss for the year, with MGM's 50% share of that loss being $62 million; no total BetMGM net income/loss figure was found in a primary release, so net_income is omitted here.

4. Entain and MGM Resorts International BetMGM business update · retrieved Oct 11, 2026

   Joint press release dated 19 January 2022. A separate Entain Q4 trading update gave a GAAP-basis 2021 net revenue estimate of approximately $813 million (including ca. $52m of Nevada MGM operations booked net). FY2021 EBITDA loss was guided at $420m-$440m; no net income/loss figure was published, so net_income is omitted.

5. BetMGM: 2022, Another Successful Year · retrieved Oct 11, 2026

   Joint update dated 26 January 2023 (unaudited). A GAAP net revenue estimate of approximately $1,403m was also given separately (includes ca. $55m of Nevada MGM operations booked net). FY2022 EBITDA loss was approximately $440 million; no net income/loss figure was published, so net_income is omitted.

6. BetMGM FY23 Update · retrieved Oct 11, 2026

   Joint update dated 8 February 2024 (preliminary, unaudited). A GAAP net revenue estimate of approximately $1,920m was also given. FY2023 EBITDA loss was approximately $67 million; no net income/loss figure was published, so net_income is omitted.

7. BetMGM FY 2025 Business Update · retrieved Oct 11, 2026

   Joint update dated 4 February 2026, reporting FY2025 vs FY2024 (US$ millions): Total Net Revenue $2,796m (2025) vs $2,102m (2024); EBITDA $220m (2025) vs $(244)m (2024); Net Income $175m (2025) vs $(291)m (2024). This is the only year for which the joint release itself discloses a net income/loss figure (distinct from EBITDA) for BetMGM.

8. Entain / BetMGM FY 2025 Business Update · retrieved Oct 11, 2026
9. Approved Operators & Retail Locations · retrieved Oct 10, 2026
10. Online & Retail Sports Betting Operators (Colorado Division of Gaming live licensee workbook) · retrieved Oct 10, 2026

    This Google Sheet is embedded/linked from the Division's official sbg.colorado.gov/licensed-sports-books-and-operators page via a "This active spreadsheet" link; the page itself renders its body content client-side so it was read via the sheet's CSV export.

11. DC Office of Lottery and Gaming - Sports Wagering Approved Licenses · retrieved Oct 10, 2026
12. Sports Wagering Operators · retrieved Oct 10, 2026
13. Sports Wagering: Applicant & Licensee Lists (Management Services Provider Applicants & Licensees) · retrieved Oct 10, 2026
14. Sports Wagering Vendor Licensing (Current as of: 07/27/2026) · retrieved Oct 10, 2026
15. Kansas Sports Betting: PointsBet Given Green Light to Be Part of State's Soft Launch · retrieved Oct 10, 2026
16. Approved Sports Betting Licensees and their Partners · retrieved Oct 10, 2026

    Fetched directly via gld.fetch.get (Chrome TLS impersonation) and parsed with pdfplumber; the primary source used to re-confirm all sports-wagering/track pairings in this review pass.

17. Fanatics joins the list of 8 online operators approved for KY betting licenses · retrieved Oct 10, 2026

    Direct fetch of this exact URL, and of a companion legalsportsreport.com article on the same approvals, both returned HTTP 403 in this research pass. The track-operator pairings (Caesars/The Red Mile+Keeneland, PENN Sports Interactive/Ellis Park, DraftKings/The Mint Gaming Hall at Cumberland Run, FanDuel/Turfway Park+Newport Racing and Gaming, BetMGM/Sandy's Racing and Gaming), the Aug. 22, 2023 temporary-license approval date, retail launch (Sept. 7, 2023) and mobile launch (Sept. 28, 2023) dates, and the full approved service-provider list (bet365, Caesars, Circa Sports, DraftKings, Fanatics, FanDuel, Penn Sports Interactive, plus supplier Kambi) are drawn from a search-engine result summary of this article and companion kfvs12.com/wkyt.com/wymt.com local-news coverage of the same KHRC approval, not independently re-verified by direct fetch. None of these sources mention Kentucky Downs having a sports-wagering partner.

18. Kentucky Sports Betting Market Readies For In-Person BetMGM Sportsbook · retrieved Oct 10, 2026

    Page not independently re-fetched this session; relied on search-result summary.

19. Licensed Wagering Platforms · retrieved Oct 10, 2026
20. Six sportsbooks open Louisiana's online sports betting market · retrieved Oct 10, 2026
21. Sports Wagering Licensees · retrieved Oct 10, 2026
22. Legal vs. Illegal Online Gaming · retrieved Oct 10, 2026

    Page lists BetRivers and theScore Bet as licensed sportsbook DBAs with no operator company named and no Maryland casino tether identified in this pass; omitted from the licenses list above pending that identification (gap).

23. Five Sportsbook Operators Are Cleared to Operate in Md. Casinos... Someday · retrieved Oct 10, 2026

    Direct fetch of this exact URL returned HTTP 403 in this research pass. The Nov. 2021 casino-to-sportsbook pairings (Caesars/Horseshoe Baltimore, FanDuel/Live! Hanover, BetMGM/MGM National Harbor, TwinSpires/Ocean Downs; plus betPARX/Greenmount OTB, DraftKings/Timonium Racetrack, and Fanatics/Northwest Stadium as later retail partners) are drawn from a search-engine result summary of this article and companion legalsportsreport.com / wsn.com / rotowire.com guides returned by the same query, not independently re-verified by direct fetch; current (2026) pairings may differ (gap).

24. Where the Money Goes · retrieved Oct 10, 2026
25. Maryland Lottery · retrieved Oct 10, 2026

    secondary source only

26. Authorized Online Gaming and Sports Betting Platform Providers in Michigan · retrieved Oct 10, 2026
27. Approved Licensees · retrieved Oct 10, 2026
28. N.C. General Statutes, Chapter 18C, Article 9 -- Sports Wagering · retrieved Oct 10, 2026

    Statewide interactive sports-wagering launch date (March 11, 2024) carried over from data/jurisdictions/NC.yaml's existing sports_online entry; not a direct quote from the statute text itself, which sets the legal framework rather than the specific launch date.

29. Internet Gaming Authorized Sites · retrieved Oct 10, 2026
30. Sports Wagering · retrieved Oct 10, 2026
31. Sports Wagering · retrieved Oct 10, 2026
32. Sports Gaming Proprietors and Services Providers (Last Updated 10/16/2025) · retrieved Oct 10, 2026
33. Roar Digital and Confederated Tribes of Grand Ronde sign Oregon deal · retrieved Oct 10, 2026
34. Confederated Tribes of Grand Ronde, Roar Digital to Roll Out Retail, Mobile Sports Betting · retrieved Oct 10, 2026
35. Licensed Interactive Gaming Certificateholders and Authorized Interactive Gaming Websites · retrieved Oct 10, 2026
36. Sportsbook Master List · retrieved Oct 10, 2026
37. Internet Sports International launches landmark South Dakota sportsbook · retrieved Oct 10, 2026

    secondary/press source; direct regulator confirmation of exact per-casino provider assignments not reached in this research pass. Reports ISI as one of Deadwood's licensed sports-wagering technology providers alongside BetMGM and IGT.

38. Licensees & Registrants | Tennessee Sports Wagering Council · retrieved Oct 10, 2026
39. Sports Betting in Virginia | Virginia Lottery · retrieved Oct 10, 2026
40. BetMGM live in West Virginia with official launch at The Greenbrier · retrieved Oct 10, 2026

    Page not independently re-fetched this session; relied on search-result summaries (sbcamericas, casinobeats) confirming the Jan. 29, 2020 BetMGM mobile sportsbook launch through The Greenbrier and the later GNOG/Greenbrier igaming skin, which corroborates FanDuel as a prior Greenbrier sportsbook partner.

41. West Virginia sportsbook guide (BetMGM listing) · retrieved Oct 10, 2026

    Direct fetch not performed in this pass; BetMGM's live WV status is drawn from a search-engine result summary of this and companion vegasinsider.com/rg.org pages, not independently re-verified by direct fetch.

42. Wyoming licenses first batch of online sports betting operators · retrieved Oct 10, 2026

    secondary source only; confirmed via search-result text that DraftKings and BetMGM were the first operating licenses issued, taking bets from Sept. 2021.

43. PA Gaming Control Board Fines BetMGM $100,000 · retrieved Oct 11, 2026
44. MGC approves eight civil penalties totaling $80,500 against five sports wagering operators · retrieved Oct 11, 2026
45. BetMGM Contacted Underage, Self-Excluded Gamblers, State Says · retrieved Oct 11, 2026
46. Colorado Penalizes BetMGM for Unauthorized College Player Prop Bets · retrieved Oct 11, 2026
47. PA Gaming Control Board Levies Fines Totaling $282,205 · retrieved Oct 11, 2026
48. Indiana Gaming Commission Business Meeting Minutes, June 20, 2024 · retrieved Oct 11, 2026
49. The Virginia Lottery, In the Matter of BetMGM LLC — Settlement Agreement, Docket No. 2024-04-01 · retrieved Oct 11, 2026
50. Iowa Racing and Gaming Commission Meeting Minutes, April 20, 2023 (2023 archived minutes) · retrieved Oct 11, 2026
51. Ohio Regulator Hits More Sports Betting Sites with Proposed Fines Over Advertising Issues · retrieved Oct 11, 2026
52. In 1st year of legal sports gambling in Ohio, more than $1 million in fines were collected · retrieved Oct 11, 2026