Its market share currently excludes New York - the largest online gaming market in the U.S. In Q3 2023, BetMGM posted $458 million in net gaming revenue - a 15% increase year-over-year.īetMGM is the third-largest sportsbook in America behind FanDuel and DraftKings with an 18% market share in licensed jurisdictions. MGM Resorts, which owns a 50% stake in BetMGM with gambling giant Entain, is benefiting from a growing U.S. MGM reported an operating income of $370 million in Q3 2023 compared to an operating loss of $1 billion in Q3 2022. With the incident now behind us, we are a stronger company having been through the challenge.” While we were faced with a difficult cybersecurity issue in September, our employees rose to the occasion with incredible resilience and determination. “We started the quarter with great momentum across our businesses. The entertainment and hospitality giant attributed the growth to an increase in revenue at its MGM China property despite a roughly $100 million loss due to a cyberattack in September 2023 that impacted a slew of systems. MGM Resorts - the co-owner of BetMGM - generated $4 billion in revenue in Q3 2023, a 16% increase compared to the same period last year. The part-owner of one of America’s largest sports betting operators reported favorable third-quarter results.

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