$/€ Betway Sportsbook Exits U.S. Sports Betting Market
Kate Marshal
12 July 2024
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Super Group, the parent company of Betway, has announced its decision to withdraw from the U.S. sports betting market, citing a lack of prospects for significant profitability.
Currently operating in nine U.S. states, Betway will cease its sportsbook operations in the near future.
This decision comes as DraftKings and FanDuel dominate the U.S. betting market, controlling approximately 70% of the share. Betway’s parent company has deemed the competition for the remaining market share unfavorable.
However, Super Group will maintain its online casino offerings in two U.S. states, New Jersey and Pennsylvania, where its Spin and Jackpot City brands will continue to operate.
“The vast majority of Super Group’s revenue is generated in iGaming and, in line with that strategy, we will continue to offer our leading casino product in New Jersey and Pennsylvania. We are open to expanding our U.S. footprint if the right investment or strategic opportunities arise,” said Super Group CEO Neal Menashe in a statement.
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