Parent Company of Betway Announces Complete Exit from U.S. Gambling Market

^{Pictured: Neal Menashe, CEO of Super Group}

Super Group, the holding company behind gambling brands Betway, Spin, and Jackpot City, has announced its decision to fully withdraw from the U.S. gambling market, according to Next.io.

A year earlier, Super Group had already pulled its flagship brand Betway out of the United States, where it had been operating in nine states. However, the company had continued to maintain a presence in Pennsylvania and New Jersey through its online casino brands Spin and Jackpot City.

Now, the company has decided to exit the U.S. market entirely.

The decision stems from tightening regulations in the gambling sector and a low profitability outlook in the region.

“Recent changes in regulation, combined with our ongoing assessment of capital allocation requirements, have led us to conclude that our strict return-on-capital thresholds are unlikely to be achieved in this market in the near term,” said Super Group CEO Neal Menashe.

Despite the exit, Super Group’s overall financial position remains stable. The company recently revised its 2025 revenue forecast upward: total revenue is now expected to exceed $2 billion, up from a previous estimate of $1.93 billion.