The results of the first quarter of 2025 showed strong growth for the largest publicly traded companies in the iGaming industry. This applies to both revenue and user activity. The highest year-on-year growth was noted in Latin America, the UK, Croatia, Greece and Spain. Growe Partners has produced a compiling key early-year figures, and SiGMA News presents the key achievements in this article.
Record deposit volume at Betsson
Betsson increased revenue to $295m, up 18% year-on-year, with EBITDA of $78m – up 9%. Separately, growth in the 바카라 segments was up 18%, and sports betting was up 22%. Total customer deposits grew 15% to a record $1.5bn.
The company’s profits in Latin America increased by 25% following the technical launch in Paraguay and the April launch in Brazil. The company became the shirt sponsor of an Argentine racing club. Meanwhile, revenue in Eastern Europe grew by 11%. Greece, in particular, posted record growth in deposits and active users.
Among the company’s other notable achievements in the first quarter of 2025, the acquisition of Italy’s BetClic and its exit from the Nigerian market are particularly noteworthy.
Three SuperGroup records
SuperGroup recorded record revenue of $518 million and year-over-year growth of 25 per cent. Adjusted EBITDA grew 120% to $111 million with a 22% margin. The number of monthly active users (MAU) also reached a record high of 5.4 million, representing a 15% increase.
In March, the company introduced its new Spin Palace Casino brand to replace online bookmaker Betway in New Jersey and Pennsylvania. SuperGroup’s latest record is for reaching $899 million in total wagers for the quarter.
RushStreet’s Colombian success
RushStreet posted revenue growth of 21% to a record $262 million and EBITDA growth of 95% to $33 million, with a 64% profit share outside of Illinois and Pennsylvania. Latin American markets were particularly successful, with gross gaming revenue up 55% in Colombia. Additionally, this market achieved the highest monthly active user (MAU) in the company’s history.
RushStreet’s 바카라 and betting verticals posted a year-over-year revenue growth of 11%.
Records in NGR performance for Entain
Entain reported online revenue (NGR) growth of 9%, including a 12% increase in the UK and Croatia. The performance of BetMGM, 50% owned by Entain, also hit records, with NGR growth of 27% in iGaming and 68% in the sports betting vertical.
In Brazil, the company’s NGR grew in line with forecasts, up 31 per cent. Conversely, Australia saw an 8% decline, driven by customer-friendly sports results.
In conclusion
The Q1 2025 results reflect the industry’s maturity and resilience, as well as the importance of localisation and technology investment. Betsson demonstrated the highest deposit amount, and SuperGroup distinguished itself in the number of MAUs. RushStreet is experiencing strong growth in Colombia, and Entain had the highest NGR growth percentage in the sports vertical.
This article was first published in Russian on 18 June 2025.
