Online growth drives revenue up at Boyd Gaming in Q1
Boyd Gaming said growth within its igaming operations helped push revenue up year-on-year during the first quarter of 2023, despite its land-based business experiencing a slight decline.
During the quarter, the operator changed its segments to separately report financial results from online and other activities. The online segment includes its sports betting partnership with FanDuel, online market access agreements with other third parties and the Boyd Interactive online casino business.
Online revenue more than doubled over prior year, which Boyd said reflected gains from the recently launched sports betting operations in Ohio and Kansas, as well as continued growth in existing markets and contributions from Boyd Interactive.