Betway and its parent company, Super Group, are in the final stages of exiting the United States market for both sportsbook and iGaming (online casino) operations. This decision follows an intensive internal review and comes after Super Group determined there was no long-term path to profitability in the U.S. market, citing new regulatory developments, low profits, and issues like tax volatility[3][4][6][8].
In July 2025, Super Group officially began closing its online casino brands in the U.S., including Betway and Spin, following an earlier exit from the U.S. sports betting market in 2024[1][6][8]. The company expects to incur a one-time restructuring charge of $30-$40 million due to the withdrawal but anticipates realizing savings from this move starting in 2026[4][8]. Betway had been live in states such as Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania, and Virginia, but is no longer accepting new sportsbook users in those jurisdictions[1][3].
Despite the U.S. exit, Super Group is performing strongly on a global scale. The company reported record revenues with an 18% increase from 2023 to 2024 and has raised its 2025 full-year revenue guidance to exceed $2 billion (excluding the U.S.). Adjusted EBITDA is forecast to surpass $480 million amid ongoing success in European, African, and Canadian markets, particularly Ontario, where Betway continues to operate successfully[2][4][6].
Globally, Betway has continued to expand its brand. Recent milestones include being named the title sponsor of the South African Premier Soccer League (Betway Premiership) and the Official Global Betting Partner of Manchester City FC. The company also signed UFC champion Dricus du Plessis as a global ambassador and maintains partnerships across major soccer and sports markets[7].
Betway’s exit from the U.S. underscores the challenges international betting brands face in the competitive and highly regulated American market. Meanwhile, Super Group will focus on growth opportunities in regions with more favorable conditions and higher returns.
References
- [1] Betway Bonus Code: Claim a $300 Bonus in July 2025 – Covers.com
- [2] Super Group exits final US states, revenue guidance raised to $2bn
- [3] Super Group orders Betway to end US journey – SBC News
- [4] Super Group Lifts 2025 Guidance, Plans to Exit US iGaming Market
- [6] Super Group Exit US iGaming Market Amid Regulatory Developments
- [7] Latest BETWAY News | Yogonet International
- [8] Betway Parent to Complete U.S. Exodus, Blames Tax Volatility
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