BetMGM Reports Impressive Q3 2026 Financials with 7% Revenue Growth

BetMGM, the leading sports betting and iGaming operator in North America, jointly owned by MGM Resorts International and Entain plc, has reported strong financial results for Q3 2026. The company's net revenue soared by 7% year-over-year to $710m. This growth was driven by a 6% increase in iGaming revenue and a 7% increase in sports betting revenue year-over-year.

BetMGM's adjusted EBITDA in Q3 2026 increased by 112% year-over-year to $86m. The company's strong performance during the World Cup, along with successful multi-product launches in Alberta and Ontario, contributed to these impressive results.

Looking at the broader picture, BetMGM's total net revenue growth in the first nine months of 2026 was 5% compared to the same period in 2025. iGaming revenue increased by 8% year-over-year to $1.45bn, while online sports revenue recorded 4% year-over-year growth to $667m. BetMGM's Chief Executive Officer, Adam Greenblatt, attributed the company's success to its disciplined execution and focus on key objectives.