BetMGM Q3 Revenue Rises 7 Percent

BetMGM reported a seven percent rise in third-quarter revenue to 710 million dollars, driven by strong betting activity. The joint venture maintained its full-year guidance range.

Insights:
A drone view shows an advertisement for the online sports betting company BetMGM at Fenway Park in Boston, Massachusetts, U.S., June 18, 2024.  REUTERS/Brian Snyder

BetMGM reported a 7% rise in third-quarter revenue to $710 million on Tuesday morning, driven by strong World Cup betting and a revamped sportsbook in the United States.

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