Betmgm reports revenue growth despite fewer active players

BetMGM posted a seven percent increase in revenue for the third quarter alongside a major jump in earnings.

Written by the BettingEdgeHub desk, 14 October 2026

BetMGM brought in seven hundred ten million dollars in revenue for the quarter ending September thirty, which is a seven percent increase compared to the previous year. The adjusted earnings before interest, taxes, depreciation, and amortization more than doubled with an increase of one hundred twelve percent to reach eighty six million dollars.

Strong growth in online casino and sports betting

Online casino revenue grew by six percent to four hundred eighty three million dollars. Sportsbook revenue went up by seven percent to reach two hundred sixteen million dollars.

The total volume of sports betting increased by three percent to touch three point two four billion dollars. Players spent more per person even though the total number of average monthly active users decreased by three percent to eight hundred seventy eight thousand.

Better player value and improved products

Net gaming income per user increased by four percent in the online casino segment and by eighteen percent in the betting segment. The volume of bets placed per user also improved by thirteen percent during the same period.

Chief Executive Officer Adam Greenblatt stated that the company delivered a strong quarter through disciplined execution and profitable growth. He highlighted major improvements to app speed, stability, and responsiveness ahead of the football season.

The wagering requirement for this financial report was not stated.

Greenblatt added that underlying player fundamentals remain strong while the business generates positive cash flow and adjusted earnings. These results keep the company on track to meet its expectations for the year two thousand twenty six.

What it means for a bet

Better player value and higher spending per user are helping BetMGM grow profits even with fewer active players.

Carry on from here

Today’s betting tipsEvery price side by side, with the reasons against printed too.More rules and licensingEverything else we have written in this section.Bookmakers in United StatesOnly the ones that hold a licence where you are.The forumWhat other people are backing, and what they are avoiding.

18+. Gambling can be addictive, please play responsibly. This is a news page, not advice and not a tip. Nothing here is a promise about any result. Our calls live on the betting tips pages, with the reasons against them printed next to the reasons for them.