BetMGM Reduces 2026 Revenue Forecast After Soft Quarter
The online operator BetMGM lowered its 2026 revenue outlook to a range of $2.9 billion to $3.1 billion. This follows a soft start for its U.S. sports betting arm.
Online betting operator BetMGM has revised its financial outlook for 2026, pointing toward a challenging start to the year for its sports wagering division. The company, which operates as a partnership between the Ladbrokes owner ENTAIN PLC and the hospitality giant MGM RESORTS INTERNATIONAL, updated its revenue guidance on Tuesday to reflect shifting market conditions.
The operator now anticipates generating revenue in the range of $2.9 billion to $3.1 billion for the 2026 fiscal year. This marks a notable reduction from its earlier projections, which had placed expected earnings between $3.1 billion and $3.2 billion. The downward revision follows what the firm described as a weak opening period for its digital operations in the United States. Management attributed the change to a soft first-quarter performance specifically within the online sports betting sector. Despite the adjusted forecast, BetMGM remains a significant player in the competitive American gambling landscape, navigating the fluctuations of consumer demand and regulatory environments across various states.
