BetMGM’s progressive jackpot reaches a record $4 million

Jackpot sign with gold coins flying around it
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BetMGM’s progressive jackpot has hit a record high $4 million.

BetMGM’s progressive jackpot pool, consisting of titles produced in-house by joint-parent Entain, sees its jackpot increase every time a game is played but the jackpot isn’t won. 

Nineteen slot titles, including MGM Grand Millions, Bison Fury, Mirage Mega Magma and Loot’en Khamun: The Dead Sea Scrolls, offer players the chance to win the record breaking $4 million jackpot.

“A growing, record-breaking jackpot that can be won at any minute is exhilarating. BetMGM is anticipating the momentous occasion in our history when we can award the biggest jackpot ever,” said BetMGM Chief Revenue Officer, Matt Prevost. “Everyday we aim to give the best igaming experience to our players with an ever-growing selection of best-in-class games, exclusive titles and the opportunity win big jackpots.”

Players are able to win the progressive jackpot by playing online in New Jersey at BetMGM, Borgata, Wheel of Fortune Casino and Party Casino.

According to BetMGM, it awarded over $138 million in jackpots last year which represented a 32% increase year on year.

BetMGM generated $1.9 billion in revenue in 2023 

Last month BetMGM announced that it generated $1.96 billion in revenue which represented a 36% increase year-over-year. The company attributed its increase in revenue to growth in key metrics such as hold percentages, average monthly active users and net gaming revenue per active user.

Despite this, the casino and sports betting brand posted an EBITDA loss of around $67 million in 2023.