Betway owner Super Group says Africa made up 43% of Q3 revenue and names new markets
Super Group, owner of Betway and Spin, reported Q3 2026 revenue of $611 million, with Africa contributing $262 million or 43%. Its chief executive told iGaming Business the group plans to launch in Namibia next year, has applied for authorisation in Kenya and holds Rwandan licences.
South Africa is the established base of Super Group's African business, so these results show how much of one of the market's biggest brands now depends on the continent. For players, the story is context rather than advice: it says nothing about any bonus, payout speed or licence at a specific casino. Online casino games are still not licensed under South African law, so check our reviews for what we have and have not verified.
What was reported
Super Group, which owns the Betway and Spin brands, published third quarter 2026 results this week. Group revenue rose 10% to $611 million. Adjusted EBITDA was $165 million, up 8% on the same quarter last year, and net profit for the period was $142 million. Cash and equivalents stood at $602 million at the end of the quarter.
Africa was the standout region. Revenue there grew almost 17% to $262 million, and the online casino and gaming line on the continent rose 21.3% to $205 million. Africa accounted for 43% of group revenue in the quarter.
Where it is expanding
Chief executive Neal Menashe told iGaming Business that the group operates in eight African countries and expects to launch in Namibia next year. It has applied for authorisation in Kenya, where it previously held a licence but gave it up before its 2022 New York listing. Menashe described that exit as a mistake and said the group will not repeat it.
The group also holds licences for sports betting and casino in Rwanda. He said taxes there are high, but that holding the licences lets it increase marketing if the tax burden falls.
A different betting mix
Menashe said the African sportsbook is unlike the group's international one, with around 70% of activity coming from multi-leg parlays. He put the average at 13 or 14 legs per bet, with some reaching 30. That means results can swing margins sharply from quarter to quarter. These are the executive's own descriptions of the business, not independent data.
The UK angle and what to watch
He also argued the UK market is overtaxed, after remote gaming duty rose from 21% to 40% in April, and said the group expects to pick up revenue from smaller operators that have left. UK revenue through Betway and Spin was up 13% in Q3.
For South African readers, watch whether the Namibia and Kenya plans proceed, and whether any regulatory change here affects how large groups treat the home market. Gambling carries real financial risk and is entertainment, not income.