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Super Group, the parent company of Betway and Spin Casino, has unveiled plans to phase out its sportsbook operations in the United States following an extensive internal review.
Super Group CEO Neal Menashe emphasized the company’s global strategy and resource optimization, revealing, “We have recently concluded an extensive review of our US operations and, at present, we do not see a long-term path to profitability for the sportsbook product.”
With a focus on iGaming, Super Group will maintain its online casino offerings in New Jersey and Pennsylvania. Menashe affirmed, “The vast majority of Super Group’s revenue is generated in iGaming and, in line with that strategy, we will continue to offer our casino product.”
Super Group will initiate the closure process for its US sportsbook operations across nine states, aligning with regulatory requirements and partnerships. Despite this move, the company plans to expand its iGaming footprint opportunistically in the future.
The decision to exit the sportsbook market is expected to incur costs and charges, which will be detailed during the upcoming quarterly earnings call in early August. Management will provide further insights into the financial impacts and strategic outlook.