Gambling has rapidly evolved into one of South Africa’s most lucrative entertainment sectors, with turnover surging to a record $80 billion in the 2024/25 financial year.
The industry’s rapid rise reflects how deeply betting has become woven into everyday life, from mobile sports wagers to online casinos, as millions turn to the thrill of chance. Yet as the market grows, so do concerns over gambling addiction, debt, and the social toll of a population increasingly “betting to survive.”
Super Group’s Strong Third Quarter Performance
Super Group, the parent company of Betway and Spin, continues to ride this wave of growth, reporting strong third-quarter results for 2025. Revenue climbed 26% year-over-year to $556.9 million, driven largely by expansion in Africa, Europe, and North America. Profit soared to $95.8 million from just $10.3 million a year earlier, underscoring how the company’s focus on digital platforms and local markets, including South Africa, is paying off.
Global Scale and Local Strength
“We are incredibly pleased with our Q3 performance, which highlights the continued strength of our global platform and consistent execution across our core markets,” said Super Group CEO. “Hitting six million monthly active customers was another significant milestone, a reflection of our product innovation and local execution.” The company’s success reflects not only global appetite but also Africa’s growing contribution to its bottom line.
Super Group CFO added that the business remains on solid financial footing, with $462 million in cash and a 65% jump in adjusted EBITDA to $152.1 million. “Our disciplined investment in high-return markets, combined with operational efficiencies and improved marketing ROI, continues to translate into expanding margins,” she noted. Part of this investment includes a new Cape Town property, signalling South Africa’s strategic importance to the group.
Africa Leads the Charge in Growth
Africa and the Middle East remain Super Group’s top-performing region, generating $226 million (or 40% of total revenue) for the quarter ended September 30, 2025. Betway led with $219 million, highlighting its strong presence across the continent. North America followed with $181 million, driven by Spin’s solid performance, while Europe contributed $108 million. The results reaffirm Africa’s position as a key growth driver in Super Group’s global portfolio.
Rewarding Shareholders Through Consistent Dividends
Super Group has established a steady pattern of rewarding shareholders, beginning with an annual dividend and later introducing a special dividend. It then started paying dividends quarterly this year, and so far already declared and paid three payouts. Based on its historical payout schedule, investors could expect another dividend announcement in December, continuing the group’s track record of regular shareholder returns.
Balancing Profit and Responsibility
With the rise of gambling shaping Africa’s digital economy, it’s also sparking debate about regulation, responsible gambling, and inclusion. Companies like Super Group are reaping the rewards of a growing market, but the challenge for the continent lies in balancing profit with protection, ensuring that entertainment doesn’t become exploitation in a region still finding its economic footing
Sources – EasyEquities.
Follow Cay-Low Mbedzi
Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by an employee of EasyEquities an authorised FSP (FSP no 22588) as general market commentary and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice. Past performance is not indicative of future results.