BetMGM paid MGM $34 million in distributions and brand license fees in the third quarter, while MGM's Las Vegas Strip earnings fell 12%. The online venture's profit rose 112%, but its iGaming growth trailed a slowing US market.

MGM Resorts’ third-quarter 2026 results, released October 28, showed its online partner becoming a source of cash as Las Vegas softened. MGM now receives both distributions and brand license fees from the venture. On the Strip, lower room rates hurt results.

BetMGM sent $68 million in total to its two owners, Entain and MGM, during the quarter. That sum combined $18 million in parent fees and $50 million in cash distributions. A year earlier, MGM had expected the payments to begin in the fourth quarter of 2025, with an initial payment of at least $100 million.

BetMGM profit jumps while its iGaming growth trails the market

BetMGM’s net revenue rose 7% to $710 million from $667 million. iGaming accounted for $483 million of that, up 6%.…