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BetMGM expects NFL season to boost revenue growth further

07/29/2024

Less than a minute

2024.07.29 02:45

(Reuters) – U.S. sports-betting service BetMGM said on Monday it expects revenue to grow in the second half of the year and into 2025, banking on demand from punters looking to cash in on the National Football League (NFL) season.

© Reuters. FILE PHOTO: 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/File Photo

“We have exceeded our goals for both acquisition and retention, which should lead to higher year-over-year revenue growth for the second half of this year into 2025,” BetMGM CEO Adam Greenblatt said in a statement.

BetMGM is a joint venture between MGM Resorts (NYSE:) and Entain.

07/29/2024

Less than a minute

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