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MGM Resorts International Reports Record Revenue Totals for Q3 2024

Andrew Reid

Last Updated: November 1, 2024 9:51 AM EDT • 1 min 29 sec read.

The MGM Grand hotel and casino on the strip as we look at MGM Resorts International Q3 earnings
The MGM Grand hotel and casino on the strip. Photo by: Kirby Lee-Imagn Images

The parent company of one of our best sports betting sites has reported its Q3 2024 financials, and the outlook is positive.

MGM Resorts International, the parent company of BetMGM, reported year-over-year growth of 5.3% in revenue, totaling $4.18 billion. MGM China, which reported $929.5 million in net revenue, did much of the heavy lifting in that number. 

The nine-month revenue for the company hit $12.89 billion, an increase of 9.3% from the same period last year. Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) clocked in at $1.14 billion for Q3, bringing the nine-month period to $3.57 billion.

Casino revenue was responsible for 50.7% of the $4.18 billion ($2.12 billion), despite that the Las Vegas Strip resort revenue not showing significant growth. 

BetMGM

BetMGM operates one of our best sports betting apps and has been active over the last few months. 

The company inked a bullpen sponsorship deal for the MLB postseason, earning itself prominent placement in front of fans throughout October. Ahead of the 2024 NFL season, the company unveiled various new features to enhance the customer's experience, including almost 1,000 futures markets.

As the summer was wrapping up, the company introduced a single digital wallet option in the Nevada sports betting market, allowing users "seamless, nationwide connectivity."

It also paid out huge to one lucky gambler in the New Jersey online casino market. It's real-money online casino saw a $200 bet turned into a $6,450,023 record-setting jackpot. At the time, Adam Greenblatt, Chief Executive Officer of BetMGM, said “BetMGM and one lucky player made iGaming history. It’s been a summer filled with anticipation watching the progressive jackpot grow quickly to record levels. This win is the latest proof that BetMGM Casino is the premier destination for progressive jackpots and unforgettable experiences.” 

Before signing up, make sure to utilize BetMGM casino bonus codes or use our BetMGM bonus code: SBRBONUS.

MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company based in Las Vegas, Nevada.

It's recognized for its hotels, resorts, and casinos and operates numerous high-end properties in the U.S., including the Bellagio, MGM Grand, and Mandalay Bay on the Las Vegas Strip.

Outside of gaming, MGM is all about entertainment, luxury stays, fine dining, and live events. They run a bunch of entertainment spots, arenas, and theaters. Plus, MGM has been ahead of the curve with things like digital tech and cashless gaming across their properties.

Written By:
Andrew Reid
Andrew is a Publishing Editor at Sportsbook Review. He graduated from Acadia University with a degree in Kinesiology, working as a personal trainer and in injury rehab, and then attended the College of Sports Media in Toronto to attain a diploma in Radio and Television Sports Broadcasting. Andrew has been involved in the sports betting and fantasy sports space since joining the FNTSY Sports Network in 2014, where he worked as a producer, director, and occasional on-air talent on various shows focusing on sports betting and DFS content. Prior to joining SBR, he spent multiple years with the USA Today Network as an editor and writer. Living in Newfoundland, Andrew frequents grey market sportsbooks, but in the past, when he's lived in regulated areas, he's become well-versed with all of our best sportsbooks. As strictly a casual bettor, he enjoys making touchdown parlays with friends (bro-lays), sweating out golf cut parlays during majors, playing same-game parlays for fun, and chasing long-shot bets. He also enjoys using sportsbooks that have solid iGaming and casino platforms. As the old guy on staff, he has an affinity for industry news, which confuses some, but shh ... quiet ... the news is on.