Allwyn Q2 2026 Revenue Reaches €1.2bn on PrizePicks DFS Contribution
TL;DR — Allwyn delivered 27% revenue growth to €1.2bn and 29% EBITDA growth to €458m in Q2 2026. PrizePicks contributed €231m in new DFS revenue that offset a 9% decline in lottery sales to €498m. North America surged while continental Europe saw EBITDA contract on costs.
SCCG Take — The results illustrate how DFS scale in North America can counterbalance legacy lottery softness for European operators, though sustained sports betting M&A remains a stated priority.
Allwyn posted group revenue of €1.2bn in Q2 2026, a 27% increase on €979m the year before. The operator’s preliminary results show EBITDA up 29% at €458m and profits after tax up 35% at €239m. As reported by SBC News, the majority stake acquired in PrizePicks last year supplied €231m in new daily fantasy sports revenue with no prior-year comparator.
The transaction lifted gross debt, yet the addition was offset by gains across lottery, gaming, sports betting and DFS channels in continental Europe, the UK and North America. Robert Chvatal, Allwyn Chief Executive Officer, said the figures reflect the strength of the company’s strategy and success executing it.
Regional Results Reflect Acquisition Impact
Continental Europe remained the largest contributor with revenue of €731m, up 4% from €701m, though adjusted EBITDA fell 3% to €293m after higher investment, Austrian tax changes and fees tied to the LottoItalia contract secured in May 2025. UK revenue rose 2% to €236m while EBITDA climbed 19% to €23m. North American revenue jumped to €254m from €54m, with EBITDA advancing 95% to €104m, almost entirely from PrizePicks integration.
Product Performance Shows Lottery Softness Offset by Gaming Gains
Net gaming revenue totalled €1.1bn, up 29% from €893m. Lotteries declined 9% to €498m. iGaming increased 24% to €147m, sports betting rose 12% to €145m and casinos slipped 2% to €135m. DFS delivered the €231m increment. Adjusted EBITDA from the Betano stake fell 3% to €61m. Allwyn continues to pursue a sportsbook acquisition after exiting the Novibet transaction on regulatory grounds and expects 2026 net revenue growth in the mid-to-high 20% range with a 37% adjusted EBITDA margin.
Reporting: SBC News
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
North American DFS acquisition delivered the growth headline; legacy lottery softness and sportsbook ambitions remain the strategic tests.
We've tracked Allwyn's pivot from pure lottery to multi-product operator for years. PrizePicks plugged a huge hole in North America, but a 9% lottery drop in core markets and a failed Novibet deal show the pressure to diversify is real. The sportsbook hunt continues—and execution will define the next chapter.
- PrizePicks contributed €231m DFS revenue with no year-ago comp, driving North America EBITDA up 95%
- Lottery sales fell 9% to €498m; continental Europe EBITDA down 3% on Austrian tax and Italy contract costs
- Sportsbook M&A remains priority after Novibet exit; 2026 guidance targets mid-to-high 20% revenue growth
SCCG angle: SCCG has advised on both sides of lottery modernization and North American market entry across 30 jurisdictions. When operators need to evaluate DFS partnerships, sportsbook targets or regulatory pathways into new product verticals, we connect strategy, regulatory intelligence and deal flow in real time.
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