Super Group Raises 2025 Outlook but Exits US iGaming Market

Super Group, owner of Betway, raised its full‑year 2025 sales forecast to $2 billion—up from its previous estimate of $1.92 billion—driven by record revenue growth in Q2 across its global portfolio. Adjusted EBITDA was also projected at $480 million, exceeding prior estimates.

Despite strong financial momentum and a 77.8% share price increase year‑to‑date, the company unveiled plans to withdraw from the competitive US iGaming market. CEO Neal Menashe cited high operational costs, complex regulations, and limited market share as key reasons.

The exit strategy will involve $30–40 million in one‑time charges, with cost savings expected to bolster profitability in 2026. Super Group’s move reflects broader industry caution concerning the fragmented and regulated US iGaming landscape.

Experts believe the pivot will help Super Group redirect capital toward more profitable regions, focusing on sustainable expansion in its strongest core markets.