{
  "id": 17581194,
  "title": "BetMGM cash reaches MGM as Strip earnings fall 12% and US iGaming growth slows",
  "url": "https://urgent.news/2026/11/01/betmgm-cash-reaches-mgm-as-strip-earnings-fall-12-and-us-igaming",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T08:18:33.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/betmgm-cash-reaches-mgm-as-strip-earnings-fall-12-and-us-igaming-growth-slows/"
  },
  "original_language": "en",
  "account": "MGM Resorts International reported its third quarter 2026 financial results on October 28, 2026. The company's online partner BetMGM paid MGM $34 million in distributions and brand license fees, contributing to a declining Strip earnings, which fell by 12%. Despite this challenge, BetMGM's profit surged by 112% in the quarter. However, its iGaming segment's growth lagged behind the slowing US market, with a 6% increase in profit, while iGaming revenue grew by 6% to $483 million. BetMGM now receives both distributions and brand license fees, with a total of $68 million paid to its two owners, Entain and MGM, compared to the initial estimated $100 million in the fourth quarter of 2025. The online venture holds a 14% share of gross gaming revenue across its active markets, with a 20% stake in iGaming and 8% in online sports betting. MGM Resorts expects net revenue between $2.9 billion and $3.1 billion and adjusted EBITDA between $300 million and $350 million for 2026, but now anticipates results near the lower end of these ranges. The company's regional operations saw a reported revenue drop to $883.2 million from $956.9 million, reflecting the April 2026 sale of MGM Northfield Park’s operations for $546 million. Despite this setback, MGM Digital, which includes LeoVegas, showed a slight increase in revenue to $184 million. Next, DraftKings is set to release its third-quarter 2026 results on November 5, 2026, followed by a conference call on November 6, at 8:30 a.m. ET.",
  "summary": "BetMGM paid MGM $34 million in distributions and brand license fees in the third quarter, while MGM's Las Vegas Strip earnings fell 12%. The online venture's profit rose 112%, but its iGaming growth trailed a slowing US market. The post BetMGM cash reaches MGM as Strip earnings fall 12% and US iGaming growth slows appeared first on ReadWrite .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}