Super Group Positions for UK Revenue Gains as Tax Increases Force Market Consolidation

Super Group delivered third-quarter group revenue of $611 million, a 10% rise year-on-year, according to reporting by iGaming Business. UK revenue through its Betway and Spin brands grew 13%. Adjusted EBITDA reached $165 million, up 8%, producing net profit of $142 million.

Neal Menashe, Super Group CEO, said the company is weathering UK tax changes thanks to an efficient operating structure. Remote gaming duty nearly doubled from 21% to 40% from 1 April this year. Machine games duty rose from 20% to 25%. These increases have prompted smaller operators to exit and larger ones to pursue shop closures and job cuts.

Menashe stated the group runs a super lean machine after consolidating UK businesses, mitigating some of the tax impact. He added that with smaller operators gone the company can start mopping up lost revenue. Menashe warned that excessive taxation risks driving activity to the black market, where no revenue is collected and responsible gaming protections are absent. He urged finding a happy medium on tax burdens.

Africa Powers Performance With Distinct Sportsbook Model

Africa generated 43% of Super Group’s Q3 revenue. The region’s contribution rose almost 17% to $262 million, led by iGaming revenue up 21.3% to $205 million. The company holds licences in eight African countries, expects to launch in Namibia next year, has applied for authorisation in Kenya, and secured sports betting and casino licences in Rwanda.

Menashe described the African sportsbook as radically different from international operations. Around 70% of betting activity consists of parlays with an average of 13 or 14 legs. This structure creates margin volatility but supports long-term customer retention. With cash and equivalents of $602 million at quarter-end, Menashe emphasised a conservative M&A stance, avoiding overpriced assets or those carrying substantial debt. Deals must add value and bolt on to current operations.