BetMGM vs DraftKings
Side-by-side comparison of AI visibility scores, market position, and capabilities
US #3 online sportsbook and iGaming operator; $667M Q3 2025 revenue; first EBITDA-positive quarter ($41M); joint venture of MGM Resorts and Entain; unique cross-channel loyalty linking BetMGM accounts with MGM Rewards for physical casino integration.
About
BetMGM is a U.S. online sports betting and iGaming operator formed as a joint venture between MGM Resorts International and Entain PLC, launched in 2018 and headquartered in New Jersey. Leveraging the MGM brand's casino heritage and Entain's global technology platform (which includes partypoker, bwin, and Coral), BetMGM operates in 28+ U.S. states and Ontario, Canada. Core products include BetMGM Sportsbook, BetMGM Casino, and Borgata Online (a regional iGaming brand).\n\nBetMGM's key differentiator is its integration with MGM's land-based casino ecosystem. Players can link their BetMGM accounts with MGM Rewards (the land-based loyalty program), enabling cross-channel rewards redemption between physical MGM properties and the digital platform—a unique omnichannel capability versus pure-play digital competitors. MGM Rewards has over 40 million members, creating a substantial acquisition funnel for BetMGM.\n\nBetMGM reported Q3 2025 revenue of $667M and achieved its first EBITDA-positive quarter with $41M in adjusted EBITDA—a significant operational milestone after years of heavy promotional investment. The company holds the #3 position in U.S. online sports betting market share. Caesars Entertainment has reportedly explored spinoff options for its digital business, reflecting broader industry interest in unlocking value from digital gaming assets.
US #2 sports betting operator with 35.3% market share; Q3 2025 revenue $1.14B; ESPN's exclusive sports-betting partner since Nov 2025; listing on Nasdaq; differentiated through same-game parlays, DraftKings Network media, and Dynasty Rewards loyalty.
About
DraftKings is a Boston-based digital sports entertainment and gaming company founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman. Originally a daily fantasy sports platform, DraftKings pivoted following the 2018 Supreme Court PASPA ruling to become a full-service sportsbook and online casino operator. The company went public via SPAC merger in 2020 and now operates in 25+ states with online sports betting and in 7+ states with online casino products, under the DraftKings Sportsbook and DraftKings Casino brands.\n\nDraftKings has built product differentiation through its same-game parlay features, in-play betting markets, and the DraftKings Marketplace (an NFT-adjacent digital collectibles platform). Its loyalty program, Dynasty Rewards, and the DraftKings Network media content strategy help drive organic player acquisition. The company's ESPN partnership—announced as an exclusive sports-betting integration in November 2025—gives it access to ESPN's 75 million monthly unique visitors across linear TV and digital.\n\nDraftKings reported Q3 2025 revenue of $1.144B, with full-year 2025 revenue on track for approximately $4.5B+. The company holds approximately 35.3% of the U.S. sports betting market by gross gaming revenue, second only to FanDuel's 39.6%. DraftKings continues to invest in customer acquisition while targeting EBITDA profitability at scale.
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