Despite a deal to sell the Connecticut Sun WNBA team for $300 million and record quarterly net revenues, profits at Mohegan Tribal Gaming Authority tightened considerably. The second-quarter profit number went from $48.9 million in 2025 to $14.1 million in early 2026.
Net revenue reached $429 million, up from $418.8 million a year previously. Cash flow grew from $83.9 million to $85.4 million.
The boosts didn’t come from brick-and-mortar gambling, however. According to a tribal statement, “Results were largely driven by Mohegan Digital achieving record quarterly performance to date, which was partially offset by unfavorable table hold and lower table volumes at Mohegan Sun.”
Revenue per monthly active user of Mohegan Digital reached an all-time high of $470 during the quarter. Terrestrially, Mohegan Sun captured a 60 percent share of slot machine revenue, its best such number since 2021. However, table performance offset the slot results.
Adjusted cash flow slumped by $11.5 million to $59.7 million. MTGA cited higher power and operating costs and lower revenue for the result.
However, Mohegan Digital leapt $22.7 million to reach $79.3 million in the quarter. Its cash flow grew $12.9 million, achieving $39.7 million.
Overseas revenue slipped by $600,000 for a quarterly result of $66.5 million. Cash flow was $1.8 million, down $900,000.
MTGA ended the quarter with $126.9 million in cash on hand. It had borrowing capacity of $228.5 million.
