BetMGM Posts $710M Q3 Revenue, Up 7% Year-Over-Year
BetMGM reported third-quarter 2026 net revenue of $710 million, up 7% from the same quarter last year, and reiterated its full-year guidance ranges as the operator pointed to product improvements and World Cup-related betting engagement as growth drivers. The results were reported October 13-14, 2026.
The numbers
Within the $710 million total, BetMGM's iGaming (online casino) segment generated $483 million in net revenue, up 6% year-over-year, while online sports betting revenue reached $216 million, up 7%. Adjusted EBITDA for the quarter came in at $86 million, more than double the year-ago figure — a 112% increase. For the first nine months of 2026, BetMGM's net revenue totals $2.11 billion, up 5% year-over-year.
The company maintained its full-year 2026 guidance of $2.9 billion to $3.1 billion in net revenue and $300 million to $350 million in Adjusted EBITDA, saying it remains on track toward the lower end of that EBITDA range and expects to reach $500 million in annual Adjusted EBITDA "in the coming years."
What BetMGM's CEO said
CEO Adam Greenblatt credited the quarter to steady execution rather than a single breakout product, saying BetMGM "delivered a strong Q3 as we continue to execute with discipline and generate profitable growth." He pointed to technical improvements across the platform, saying the product is "stronger than it's ever been, with significant improvements to speed, stability, and responsiveness," and added that "underlying player fundamentals remain strong" with the company generating positive cash flow alongside the Adjusted EBITDA gain.
Why it matters to bettors and players
Quarterly results like these are one of the clearer public signals of how the major regulated operators are actually performing, separate from promotional noise or app-store rankings. A 7% revenue gain with EBITDA more than doubling suggests BetMGM is converting existing players into steadier, more profitable activity rather than relying purely on new-customer acquisition spending to drive growth — a trend that, if it continues across the industry, tends to show up for players as more product investment and fewer blanket promotional offers over time. For context on how operator revenue reporting fits into the bigger picture of how sportsbooks make money, see our guide to hold percentage and vig.