Super Group, the parent company of the sportsbook Betway, announced Wednesday it will be leaving the U.S. sports betting marketplace to focus its energies on internet casino gaming in New Jersey and Pennsylvania.
“As a global business, we constantly evaluate the optimal use of our resources across all markets in which we operate,” Super Group CEO Neal Menashe said in a statement. “We have recently concluded an extensive review of our U.S. operations and, at present, we do not see a long-term path to profitability for the sportsbook product.
“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.”
Betway is currently offering mobile sports betting in nine states, and New Jersey and Pennsylvania are the only two where internet casino gaming is also available for wagering. Super Group did not offer a timetable as to when Betway would fully exit the sports betting marketplace.