Jointly owned by Entain and MGM Resorts International, online gaming operator BetMGM has released its Q3 2026 financial report, announcing total net revenue of $710 million, representing a seven percent increase year on year. The company highlighted a successful multi-product debut in Alberta, noting that per player metrics are trending above those recorded during its previous launch in Ontario.
Strong performance across iGaming and sports betting
BetMGM continued its steady financial trajectory through the third quarter of 2026, supported by robust player engagement and enhanced product offerings. Online sports betting handle reached $3.24 billion, reflecting a three percent increase. Gross Gaming Revenue (GGR) hold improved from 10.1 percent to 10.7 percent, and Net Gaming Revenue (NGR) hold ticked up from 6.4 percent to 6.7 percent.
The quarter also benefited from high engagement surrounding the World Cup and a series of technical enhancements to the operator mobile application ahead of the NFL season. Furthermore, the introduction of new exclusive gaming content, such as Blueprint Gaming’s Game of Thrones slot across the United States and Alberta, bolstered the operator iGaming performance.
Executive commentary
Reflecting on the quarterly results, BetMGM CEO Adam Greenblatt stated:
“BetMGM delivered a strong Q3 as we continue to execute with discipline and generate profitable growth.”
Greenblatt added:
“Our product is stronger than it’s ever been, with significant improvements to speed, stability, and responsiveness ahead of this football season. We have continued to prioritise our areas of strength – particularly our iGaming franchise – and remain operationally nimble as we navigate a highly competitive environment.”
Concluding on the company financial outlook, Greenblatt noted:
“Our underlying player fundamentals remain strong, and we are generating positive cash flow and adjusted EBITDA. These put us on track to deliver against our 2026 guidance and support our confidence in the long-term outlook of our business.”
