Betway parent Super Group ‘confident’ in U.S. sports betting growth following Q2 results

Betway parent Super Group ‘confident’ in U.S. sports betting growth following Q2 results

Article brief provided by Covers
  • Brad Senkiw, Covers
August 20, 2023 10:18 AM

Super Group, the parent company of legal sports betting operator Betway, is still “confident” in its North American strategy despite losses on the continent once again offsetting gains elsewhere. According to the sports betting and online casino company’s second-quarter numbers that were released on Thursday, NA revenue came in at $174.4 million — down 4% year-over-year.

Story continues below

Excluding the U.S., however, Super Group reported a record $476.9 million during the second quarter, thanks to growth in Africa/Middle East and Europe.

Super Group was hurt once again by Ontario’s transition to a regulated market, but revenue from the rest of Canada increased in Q2.

The company remains committed to enhancing its nine U.S. markets, and the strategy includes getting Betway Global Technology active in all states.