Press Releases
Sports Betting Vs Netflix – $300 Monthly Sports Betting Wallet Can Be Less Costly than A Netflix Subscription
The Game Day has run various simulations and compiled research that shows how sports betting as entertainment can cost roughly the same (over time) as a Netflix subscription or similar monthly cost. As US sports betting reaches new markets, bettors are turning to sportsbooks as a new form of entertainment, and the ongoing cost of the hobby is lower than it may first appear.
The Game Day’s analysis features various simulations, each showcasing a different $300 monthly betting strategy involving different betting sizes. The findings tell an interesting story. Namely, sports betting as a form of entertainment can cost roughly $13 per month, provided bettors stick to point spreads and specific wager amounts.
In one simulation, placing 20 individual point spread wagers at $15 apiece revealed that most bettors can expect to lose only $13.64 per month. Increasing the bet predictably increases the risk, and also the reward. One simulation saw bettors placing 10 bets at $30 each. 17 percent of bettors lost $128 or more, but a separate 17 percent won $100 or more.
A simulation comprising smaller bet units yielded equally intriguing results. Placing 30 $10 bets revealed that 42.6 percent of bettors were profitable, while only 4.81 percent lost more than $100. 93 percent of bettors, meanwhile, netted between $81.82 and -$90.
Overall, The Game Day’s simulations support the claim that a smart, consistent betting strategy with consistent units wagered upfront roughly equates to the cost of a monthly streaming service subscription and can be significantly cheaper than a gym membership.
Kevin Davis, Betting Analyst at The Game Day, said: “Most US residents don’t think twice about paying $13 for Netflix, Hulu, Disney+ or any other streaming service. But the possible cost of sports betting can be a barrier to entry.
“Our simulations reveal that over time and with a smart betting strategy, sportsbooks offer a relatively cheap entertainment channel. Take a look at our suggestions on how you can limit your losses with a small bankroll.â€
The Game Day’s full report is available here.
Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025
BetMGM LLC , one of the leading sports betting and iGaming operators across North America, jointly owned by Entain plc and MGM Resorts International, is providing an update on its 1Q 2025 performance.
- BetMGM’s strong momentum from 2H 2024 continued during 1Q 2025, driven by its leading iGaming offering and strengthened sports product, and refined approach to player management
- 1Q Net Revenue up +34% YoY with strong growth across both iGaming (+27%) and Online Sports (+68%)
- Positive 1Q EBITDA and underlying trends reaffirm confidence that FY 2025 will be EBITDA positive1
Adam Greenblatt, Chief Executive Officer of BetMGM, commented:
“2025 is off to an encouraging start for BetMGM as we execute our revised strategic plan. The momentum we built in the second half of 2024 continued into the first quarter as we implement our powerful iGaming strategy, enabling us to grow faster than the market and at scale. In Online Sports, we are elevating our brand and delivering improved performance, even in the face of unfavorable sports outcomes during key moments in the quarter. As we approach May, we remain confident in achieving full year positive EBITDA in 2025, supported by solid underlying activity trends and our successful delivery of positive EBITDA in the first quarter.â€
1Q 2025 Key Financial Highlights
| 1Q 2025 BetMGM Financial Summary1,2,3 | |||
| Three months ended March 31 |
|||
| $ millions, unless otherwise noted | 2025 | 2024 | YoY Change |
| Net Revenue | |||
| iGaming | $443 | $348 | +27% |
| Online Sports | $194 | $116 | +68% |
| Handle | $4,088 | $3,174 | +29% |
| GGR Hold % | 8.2% | 8.7% | (50)bps |
| NGR Hold % | 4.8% | 3.6% | +110bps |
| Retail / Other | $20 | $26 | (22)% |
| Total Net Revenue | $657 | $489 | +34% |
| Contribution | $116 | ($38) | +$153 |
| EBITDA | $22 | ($132) | +$154 |
| Average Monthly Actives (thousands)4 | 1,067 | 1,009 | +6% |
Financial Highlights
- 1Q Net Revenue of $657 million, up +34% YoY, continuing acceleration with strong underlying player engagement metrics
- iGaming Net Revenue up +27% YoY driven by leading iGaming offering
- Online Sports Net Revenue up +68% YoY demonstrating strengthened product offering, expansion of NGR margin, and enhanced player engagement
- Handle up +29% YoY5
- NGR margin improvement of +110 bps YoY
- Average Monthly Actives up +6% YoY, reflecting significant growth in iGaming players, partially offset by improved OSB approach to player segmentation and management
- 1Q EBITDA of $22 million (up $154 million YoY), with iGaming Contribution of $133 million and positive Contribution from Online Sports
- 1Q EBITDA benefited from one-time accounting items offset by the impact of customer friendly sports results
- Continued stabilization of GGR market share in active markets with iGaming (22%) and Online Sports (8%), further cementing BetMGM’s podium position in the market6,7
- $150 million revolving credit facility remains undrawn
Operational highlights
- Market leading iGaming offering
- 1Q Average Monthly Actives up +43% reflecting our leading iGaming offering and focused marketing investment
- Active Player Days up +39% YoY driven by unique and exclusive content across both real-money and free-to-play engagement games8
- Improved cross-sell engagement with +13 ppt YoY increase in percent of Online Sports players playing iGaming9
- Strengthened Online Sports product coupled with focus on premium mass players and improved engagement
- Broader market range, improved pricing and enhanced parlay offering contributed to strong gains in player economics and activity metrics
- Growth of +4.8 ppt in parlay bet mix (inclusive of SGPs)10
- Bets per Active increased +28% YoY11
- Broader market range, improved pricing and enhanced parlay offering contributed to strong gains in player economics and activity metrics
- Refined approach to player retention with improved segmentation and promotional strategy
- Handle per Active up +37% YoY12
- Active Player Days up +20% YoY
Outlook
- BetMGM’s year-to-date performance provides increased confidence in exceeding guidance, however we remain mindful it is still relatively early in the year. As such, we reaffirm our expectations for FY 2025 to be EBITDA positive, and Net Revenue guidance of $2.4 billion to $2.5 billion
- Reiterated expectations of Online Sports to be Contribution positive for FY 2025
- Reaffirmed confidence in BetMGM’s pathway to $500 million EBITDA in the coming years
Latest News
Spinomenal games now available on Hard Rock Bet strengthening its position in New Jersey
Spinomenal, a leading game provider in the iGaming industry, is proud to announce that its top-performing titles are now available on Hard Rock Bet casino in New Jersey through Hard Rock Digital’s partnership with Aristocrat Interactive.
New Jersey players on Hard Rock Bet will gain access to Spinomenal’s top-performing titles, including Story of Loki – Master of Illusions, The Ankh Protector, Queen of the Amazon, and many more. The integration, facilitated via the Pariplay platform, ensures a seamless and engaging gaming experience for players.
New Jersey represents a landmark milestone in Spinomenal’s global expansion, while marking one of its first entries into this key U.S. market through this exciting partnership. The availability of Spinomenal games on Hard Rock Bet reinforces its commitment to establishing a strong presence across regulated jurisdictions worldwide.
Lior Shvartz, CEO for Spinomenal commented: “The availability of our games on a brand as powerful as Hard Rock Bet highlights our global ambitions and the important role New Jersey plays. Hard Rock Bet’s players can now enjoy an even greater entertainment experience with the addition of our games.â€
Grant Williams, SVP of Casino for Hard Rock Digital commented: “We’re excited to launch Spinomenal games on Hard Rock Bet and bring even more cutting-edge entertainment to our players. Their dynamic portfolio is a great addition to the lineup of over 2,800 games on our top-rated app.â€
Free-to-play platform goes live with immersive content and multiplayer tournaments
TaDa Gaming, the award-winning content provider, is expanding its social gaming reach with the US launch of its free-to-play platform, Freeslotmatch, bringing a fast-growing library of immersive slots and multiplayer formats to a brand-new audience.
Following its debut in Brazil, the platform now offers US based players the opportunity to explore TaDa Gaming’s popular titles in a fully social, risk-free environment. In addition to the US launch, the company is currently preparing for further rollouts in other countries, with additional markets set to go live later this month.
Players can enjoy fan favourite titles such as Fortune Gems, TriLuckâ„¢, DARKREELâ„¢ and the SurgeReelâ„¢ series, with crash, table and fishing-shooting games set to follow.
Designed to mirror the thrill of real gaming without any monetary commitment, the platform features a range of tournament features including single-round wins, cumulative wins, limited spins, and more, all powered by a straightforward, intuitive interface that supports fair and accessible gameplay.
Registration is free and open via email, Google, Facebook, Twitter, or Telegram, and the platform is available in English, Spanish and Portuguese. Rewards are delivered directly to the registered email account, allowing players to compete, track their progress and enjoy a seamless social gaming experience.
Andy Huang, CEO at TaDa Gaming, said: “After a successful launch in Brazil, we are excited to bring freeslotmatch.com to the US market.
“The platform hosts over 160 games and combines our most engaging titles with interactive features and tournaments, giving players a space to enjoy and explore our content without financial risk.â€
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