Overview

• BetMGM revenue rose 23% to $667 million in the quarter and the venture now targets at least $2.75 billion in 2025 net revenue with roughly $200 million in core earnings.
• BetMGM expects to distribute at least $200 million of cash to its parent companies in 2025.
• Group guidance was unchanged, with online NGR expected to rise about 7% at constant currency and EBITDA guided to £1.1 billion–£1.15 billion.
• Customer‑friendly sports outcomes in September reduced online NGR by roughly one to two percentage points and slowed non‑US growth.
• Outside the JV, international NGR rose 1% as Brazil fell 11% and Australia declined 6%, while the UK and Ireland grew 8% with online up 15% and retail up 2%.