BetMGM vs Stake.com puts a smaller number next to the login that actually works. Stake.com is the bigger operator by revenue, not by a small margin — a reported $4.7 billion in 2024 against BetMGM's roughly $2.8 billion in 2025. But Stake.com has never let an American create an account on its main platform, and no amount of revenue changes that. This page is about what each number actually buys a reader, state by state.
| Criteria | BetMGM | Stake.com |
|---|---|---|
| License | State-by-state US licenses, 23 states + D.C. | Curaçao Gaming Authority (Medium Rare N.V.) |
| US access | Sportsbook: 23 states + D.C.; casino: MI, NJ, PA, WV only | Blocked entirely — no US sign-ups on any product |
| Reported revenue | ~$2.8B net revenue, 2025 (first annual net income) | ~$4.7B revenue, 2024 |
| Ownership | 50/50 joint venture: MGM Resorts + Entain | Medium Rare N.V. (founders Ed Craven, Bijan Tehrani) |
| Payouts | Original method, bank transfer, check, MGM cage | Crypto (minutes) plus fiat rails since March 2025 |
| Best fit | US players in a licensed state wanting regulated play | Non-US players comfortable on a single offshore license |
Is BetMGM or Stake.com Legal Where You Live?
BetMGM's sportsbook is live in 23 states plus Washington D.C. as of September 2026, Missouri the newest addition on December 1, 2025. Its online casino tops out at four of those states — Michigan, New Jersey, Pennsylvania, West Virginia — so a bettor in Nevada or Ohio gets the sportsbook and nothing labeled “BetMGM Casino.” Stake.com skips the state-by-state question entirely: it blocks the United States as a matter of company policy, no exceptions by state law or player location within the country.
Bigger revenue, closed door: Stake.com's reported $4.7 billion in 2024 revenue is nearly double BetMGM's 2025 figure, and it still doesn't translate into a single US account. Revenue scale and market access are two different questions, and this pairing answers them in opposite directions.
Is BetMGM or Stake.com More Legit?
BetMGM's legitimacy is checkable through public filings — MGM Resorts trades on the NYSE, Entain trades in London, and the joint venture posted its first annual net income in 2025. Stake.com's legitimacy rests on a different foundation: nine years of continuous operation, a sportsbook and thousands of casino titles, and founders Ed Craven and Bijan Tehrani, both now reported billionaires with a Formula One team and a streaming platform to their names. Real track record, but it sits behind one Curaçao license — a regulator Stake chose over the UK Gambling Commission license it surrendered in 2025.
How Safe Is Each One?
In a licensed BetMGM state, safety means a named state regulator, geolocation enforcing the state line, and standard responsible-play tools. Stake.com doesn't give a US reader anything to compare on that scale, since the platform won't open an account in the first place. For the international players it does accept, recourse runs through Medium Rare N.V. and the Curaçao Gaming Authority alone — a lighter regulatory layer than the UK license the company walked away from.
Don't Confuse Stake.com With Stake.us
A meaningful share of the search traffic that lands on a Stake comparison page is actually looking for Stake.us, a separate sweepstakes-model company that runs on Gold Coins and Sweeps Coins instead of real-money wagers. It has its own state-by-state availability and is the only Stake-branded product a US reader can legally use. If the question is “BetMGM or Stake, which is legal in my state,” and the reader is in the US, the second half of that question almost always means Stake.us, not the $4.7 billion global platform covered here.
Which One For Who
A US reader in one of BetMGM's 23 sportsbook states, or its four casino states, has a real regulated option. Stake.com offers that same reader nothing to sign up for, regardless of state, so the comparison collapses to BetMGM or nothing inside the US. Outside the US, in a market Stake.com actually serves, its scale, game count, and crypto-fast withdrawals are real strengths for a player who was never going to reach a BetMGM account anyway, since BetMGM doesn't operate internationally. Either one stays entertainment, not income — 21+ where BetMGM is licensed, and simply unavailable to US players on Stake.com. If gambling stops being entertainment, call 1-800-GAMBLER.