Super Group, the company behind Betway and Spin, decided on July 8, 2025, to stop offering online casino games in the US. It runs brands like Spin and Jackpot City in New Jersey and Pennsylvania. The company cited new regulatory rules and low profits as the reasons for this choice.
Super Group previously left the US sports betting market in July 2024, closing Betway in nine states. They expect to spend $30 million to $40 million to close operations, with savings starting in 2026.
More details will come during the Q2 2025 earnings call in August and at the Investor Day on September 18, 2025, in London.
Super Group’s concern over tax legislation in occupied and nearby states are from recent events. New Jersey raised its iGaming tax from 15% to 19.75%, which cuts profits. States like Ohio and Michigan charge high fees to operate. Big companies like DraftKings and FanDuel control most of the handle, but they’re also adding pay-per-bet fees in Illinois.
CEO Neal Menashe said, “New rules and our focus on better profits mean we can’t stay in the US market.” The company wants to focus on places where it can grow more easily.
Super Group’s US exit shows how hard the US market is for smaller companies like Super Group because of high costs and big competitors.
Super Group had a strong Q2 2025, even with the US exit. It raised its 2025 revenue goal, not counting the US, to over $2 billion, up from $1.925 billion. Its adjusted EBITDA, a measure of profit, is now expected to be over $480 million, up from $457 million. Strong sports events, better pricing, good risk management, and happy customers helped.
In Q1 2025, North American revenue, including Canada, was $181 million, with Spin at $142 million and Betway at $39 million. In May 2025, Super Group’s Spin Palace earned $632,861 and Jackpot City earned $1,796,113 in New Jersey.
The company does well in Europe, Africa, and Ontario, Canada, with over a dozen casino brands.
Leaving the US lets Super Group focus on markets with more growth. The global iGaming market could grow from $85 billion in 2023 to $275 billion by 2034. More people use the internet, and rules are easing in some places. For example, Alberta, Canada passed the iGaming Alberta Act in May 2025, opening new options.
Super Group will keep operating in Ontario, where Betway’s sportsbook and casino do well. CFO Alinda Van Wyk said they are looking at ways to exit the US with low costs. The company’s stock dropped 3.42% on July 8, 2025, but is up 77.77% this year, showing investor support.
By focusing on growing markets, the company aims to make more money for its investors. The Q2 earnings call and Investor Day will share more about its plans.
