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Super Group, the parent company of Betway and Spin Casino, announced its complete withdrawal from the US online gambling market last month. Now comes word they have seen their best quarter ever in terms of revenue recorded (2025, Q2).
Super Group Reports Best Quarter Ever
Revenue of $579.4 million for the second quarter of 2025 represented the highest revenue recorded in a quarter. Profit before tax came in at $38.8 million for the second quarter of 2025.
It's interesting to note that revenue increased by 30% to $579.4 million for the second quarter of 2025 from $446.5 million in the same period of the prior year with North America credited for driving growth along with the African and European markets, partially offset by declines from the LATAM, Middle East and Asia-Pacific markets.
Betway stopped accepting new wagers after July 31, 2024, and by that date, sportsbook services in all U.S. states were terminated.
However, Betway continues to operate online casino (iGaming) platforms in New Jersey and Pennsylvania, offering slot games, live dealer services, and table games. The company is still active in Canada.
Neal Menashe, Chief Executive Officer of Super Group, commented: “We had a Super first half of 2025, driven by a record-breaking second quarter. The quarter’s success was fueled by strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion. While our decision to exit the U.S. was difficult, we believe that this step demonstrates our commitment to capital efficiency and long-term profitability. With continued focus on scaling our technology globally, Super Group should be even better positioned for sustained, profitable growth.”
Alinda van Wyk, Chief Financial Officer of Super Group, stated: “Q2 marked the strongest quarterly financial performance in Super Group’s history, with revenue up 30% year-over-year and Adjusted EBITDA up 78% year-over-year to $157 million, delivering a healthy 27% margin. These results underscore our scalable, cost-efficient operating model and controlled marketing spend. We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million. Driven by our continued focus on core markets, we are raising our full-year Adjusted EBITDA guidance and remain confident in delivering long-term value to our shareholders.”
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