BetMGM Casino & betting have $175 million in profit for 2025: Includes $60M 4th quarter
BetMGM achieved a $175 million profit in 2025, a significant turnaround from a $290 million loss in 2024, driven by a strong fourth quarter of $60 million.Summary
BetMGM experienced a remarkably successful 2025, reversing a substantial loss from the previous year to achieve a $175 million profit. This turnaround was largely fueled by a $60 million revenue surge in the fourth quarter, with December marking the company’s best month ever. CEO Adam Greenblatt attributed the growth to increased engagement with BetMGM Online Casino, a nearly 20% boost, and crossover from BetMGM Sportsbook, particularly from NFL bettors. Despite not launching in new states, BetMGM captured over 12% of the market share, competing effectively with industry leaders like FanDuel and DraftKings. The company’s success was also bolstered by substantial progressive jackpot payouts exceeding $122 million and attractive promotions like the BetMGM Casino promo code PENNLIVE, offering a $25 no-deposit credit and a 100% deposit match up to $1,000. The BetMGM Rewards Program, offering perks at MGM Resorts International, further contributed to its positive financial performance.
(Source：Pennlive)