BetMGM Q2 Results: Sports Betting Stagnant as Active Users Drop

BetMGM reported no growth in its sports betting segment in Q2 this year, as active monthly users dropped by 3%. The company said it expects a delay in reaching a targeted Adjusted EBITDA of $500 million, citing the impact of prediction markets on the business. In its Q2 business update, BetMGM noted that overall reven…