Second-quarter net revenue for BetMGM shot up 36% and cash flow leapt from US$8 million to US$86 million. The company released those numbers in the predawn hours of 29 July.
Revenues derived from sports betting alone vaulted 56%, a development the company credited to “refined player marketing and management, and strengthened product.” BetMGM felt sufficiently confident to raise its full-year revenue guidance to US$2.7 billion and cash-flow projection to US$150 million.
BetMGM said it had 901,000 monthly active users, a 7% improvement on 2024. Only US$16 million of its revenue, however, was drawn from walk-up business.
