Looking ahead, BetMGM has set a target to achieve $500 million EBITDA in 2026. Key improvements in its digital sports and iGaming products have positioned the sports betting platform to invest competitively in brand development, driving both player acquisition and retention. MGM Resorts International’s ( MGM Quick Quote MGM - Free Report) sports betting and iGaming partner BetMGM provided business update.īetMGM proudly announced that it successfully met its 2023 targets, reaching the upper end of the revenue range of $1.8-$2.0 billion and achieving EBITDA profitability in the second half of the year.
