Caesars Digital, which includes the online sportsbook and new online casino, reported a positive adjusted EBITDA of $2 million compared to the $38 million loss incurred during Q3 of 2022.
That aided an overall adjusted EBITDA revenue of $2.99 billion, and Caesars produced total net income from its Las Vegas, regional, and digital segments of $74 million. Despite the trend that has Caesars Digitial in the positive for a 12-month basis, Hession said revenue on that side in Q3 was affected by a lower year-over-year hold than anticipated.
“As we head into 2024, we believe that our product in both sports betting and iCasino are significantly improved from prior periods and quite competitive."Caesars launched a new “Watch and Bet” feature through the NFL, “Same Game Parlay” offerings for college football, a bet with rewards feature, and improved payment options.
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