Slide 1: Q2 2026 Business Update
2] BETMGM NY) MAKE IT Legendary Q2 2026 BUSINESS UPDATE July 28', 2026
Slide 2: Disclaimer
Disclaimer This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in any jurisdiction where such offer or eale is not permitted. Any securities referred to herein, if any, have not been, and will not be, registered under the Securities Act of 19
Slide 3: Performance & Outlook
Performance & Outlook Q2 performance reflects underlying model continuing to generate positive cash flow and Adjusted EBITDA Q2/H1 Financial Highlights! 2026 Full-Year Outlook’ H1 Net Revenue H1 Adjusted EBITDA 2026 Net Revenue $1.4 billion $99 million $2.9 - 3.1 billion $711 million in Q2 $74 milli
Slide 4: iGaming: Leading offering and player management actions driving attractive player economics
iGaming: Leading offering and player management actions driving attractive player economics -On-' 1,2 Teepe NTI ED SET OOO Content Library Depth & Quality Player Engagement Player Value Led by new exclusive IP and omni titles including Game of Thrones, y sag y Rakin’ Bacon, and Elvis Presley: Viva L
Slide 5: Online Sports: Strategic refinement driving improving KPIs across player values
Online Sports Online Sports: Strategic refinement driving improving KPls across player values Q2 2026 Year-on-Year % Growth’ Targeted Acquisition and Tailored Experiences Player Staking & Value QQ Continued optimization of marketing spend allocation by channel driving acquisition of higher-value “pr
Slide 6: Financial Highlights
Financial Highlights Financials Q2 and H1 BetMGM Financial Summary’ $’s in millions Q22026 Q22025 Change 12026 = H12025 Change Net Revenue $7tt $692 +3% $1,406 $1,349 +4% iGaming Net Revenue $483 $449 48% $964 $891 48% Online Sports Net Revenue $228 $228 0% $431 $422 +2% Retail / Other Net Revenue $
Slide 7: Appendix
ny BETMGM i.) MAKE IT Legendary APPENDIX
Slide 8: BetMGM Quarterly Net Revenue Summary
BetMGM Quarterly Net Revenue Summary BetMGM Quarterly Net Revenue Summary’ #039;s in millions Q1-25 Q2-25 03-25 4-25 2025 Q-26 Q2-26 Total Net Revenue $657 $692 $667 $780 $2,796 $696 $71 % YoY growth H% 36% 23% 39% 33% 6% 3% iGaming Net Revenue $443 $449 $454 $481 $1,827 $481 $483 % YoY growth 27% 29%
Slide 9: BetMGM Estimated GGR Share by Product (U.S. and Canada)
BetMGM Estimated GGR Share by Product (U.S. and Canada) Estimated GGR Market Share (Online Sports and iGaming) 25% Total GGR share nearly 2X that of next ranked competitor -—-- = -—-—- = w_—e—-—--- -—<—-— meee LL -3—"-e . — _ - -— 20% 15% —_—_ -—_——_————— OO _ 10% 5% a Q 03 4 a 02 03 4 a a 2024 2025
Slide 10: BetMGM Estimated NGR Share (U.S. and Canada)
BetIMGM Estimated NGR Share (U.S. and Canada) Estimated NGR Market Share By Operator! (Online Sports and iGaming) 40% $8 wy 30% 31% 25% 20% 15% 4% 10% % 6% 5% — 5% 3% a Q2 08 4 a 2025 2026 —— Competitor ——Competitor 2 ——BetMGM ——Competitor3 ——Competitor 4 ——Competitor 5 ——Others BETMGM , Estimated t
Slide 11: BetMGM
73 BETMGM ¥) MAKEIT Legendary bb