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BetMGM Unveils 2023 Guideline & FY2022 Numbers

January 30, 2023 6


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BetMGM Unveils 2023 Guideline & FY2022 Numbers

The casino operator BetMGM has just unveiled their outline for their 2022 performance as well as new plans for 2023. In the report BetMGM states, “BetMGM is well positioned to achieve net revenue from operations of between $1.8 billion and $2 billion in FY2023 and be EBITDA positive in the second half of 2023.” Operations in 2022 were able to produce $1.44 billion in net revenue, exceeding its expectation of $1.3 billion with BetMGM attributing the FY2022 success to, “improved customer experience and other product improvements.” BetMGM now has now expanded to include 25 jurisdictions, launching six in 2022: New York, Louisiana, Illinois, Ontario, Kansas, and Maryland.

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