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BetMGM expects NFL season to boost revenue growth further
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BetMGM expects NFL season to boost revenue growth further
Jul 28, 2024 11:46 PM

July 29 (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.

"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 ( MGM ) and

Entain ( GMVHF ).

(Reporting by Radhika Anilkumar in Bengaluru; Editing by

Subhranshu Sahu)

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