Betway Parent Super Group to Leave the US iGaming Market
Super Group, the global online gaming operator and parent company of Betway, has announced plans to exit the US iGaming market, marking a full withdrawal from American operations just one year after ceasing its sports betting services in the country. The decision affects its online casino brands Spin and JackpotCity, which are currently active in the states of New Jersey and Pennsylvania.
LISTEN TO THIS ARTICLE:The company disclosed on Tuesday that the exit comes following a comprehensive review of market conditions, operational priorities, and financial returns. Super Group attributed the move to ongoing regulatory changes, unsatisfactory market performance and the increasing cost of capital required to sustain operations in the US online casino sector. Executives stated that resources will be redirected to markets that demonstrate greater potential for scalable and profitable growth with a focus on operational efficiency.
Related: Super Group to Exit US Sportsbook Market after Strategic ReviewSuper Group previously terminated its Betway sportsbook operations in nine US jurisdictions, including New Jersey and Pennsylvania, in July of last year. At that time, the company cited persistent financial losses and the absence of a clear path to long-term profitability as key reasons for leaving the American sports betting market.
Despite the upcoming departure from the US online casino space, the company noted that its online casino brand Spin had played a major role in setting revenue records during the final quarter of 2024. In the first quarter of 2025, 72% of Super Group's $199 million in global online casino revenue originated from the North American region, which includes Canada's Ontario market.
According to regulatory data from the Pennsylvania Gaming Control Board, Super Group generated more than $40 million in revenue from its online casino operations in that state between July 2024 and May 2025. In New Jersey, where Spin and JackpotCity are offered through a partnership with Golden Nugget, the company reported over $10 million in revenue from January through May 2025.
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Recent developments in New Jersey have posed additional challenges. The state's legislature passed a bill increasing the online casino tax rate from 15% to 19.75%, raising the operational burden for licensees. This tax hike factored into the company's strategic reassessment of its US position.
Super Group anticipates a one-time restructuring cost of between $30 million and $40 million as a result of the US market exit. While specific timelines for the shutdown of operations have not yet been provided, the company is expected to release further updates during its second-quarter earnings report in August. The company confirmed that various strategic options for exiting the market are under active evaluation in order to reduce financial disruption.
Despite the US exit, Super Group reported a strong second quarter for 2025 in other global markets. As a result, the company has raised its full-year revenue forecast, increasing projected revenue outside the US from $1.9 billion to $2 billion. Total Adjusted EBITDA expectations have also risen, with the figure now projected to exceed $480 million, up from a prior estimate of $457 million.
Company leadership attributed the revised guidance to a combination of high-performing sports betting segments, improved pricing strategies, enhanced customer engagement, and greater operational efficiency. These improvements have reinforced Super Group's commitment to focusing on international markets where it expects more consistent growth and profitability moving forward.
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