The digital sports betting and iGaming segment of Caesars was profitable in October, CEO Tom Reeg said.
The comments came on the Caesars third-quarter earnings call on Tuesday, which included plenty of discussion about the growing digital segment.
“October digital inflected to positive EBITDA for us. So we are extremely pleased. That’s 12 months ahead of the schedule that we anticipated.”
The segment posted a $38 million adjusted EBITDA loss for the third quarter. That’s compared to a $164 million loss in the third quarter last year.