“BetMGM’s had a pretty tremendous year,” CEO Adam Greenblatt said at the top of its year-end earnings call on 4 February. He was looking back on a year that saw BetMGM’s first profits and first distribution to corporate co-parents MGM Resorts International and Entain.
“Not only did Q4 achieve a record quarterly revenue but December was our best month ever,” Greenblatt enthused. He credited the strong finish to favorable sports outcomes and “a perfect storm” of other factors. Also, 60% of NFL bettors were said to be crossing over to igaming in 2025.
Greenblatt said that igaming continued to grow “despite no new state launches” and that online sports betting “generated a significant contribution. BetMGM has sharply turned the corner into our next phase of growth.”
