Key Moments:
- UK government introduced significant increases to Remote Gaming Duty and General Betting Duty effective April 2026 and April 2027, respectively.
- Super Group (SGHC) Limited projects the new taxes will affect 2026 Group Adjusted EBITDA by approximately 6%.
- The company affirms that mitigation strategies are already underway to address the financial impact of the tax changes.
Details of the UK Autumn Statement
Super Group (SGHC) Limited, which oversees Betway and Spin, has acknowledged the UK government’s latest Autumn Statement. This announcement revealed substantial changes to the taxation structure for gambling operators within the country.
Remote Gaming Duty (iGaming) is set to increase by 19 percentage points, reaching 40% from its current rate of 21%, and will take effect in April 2026. Additionally, General Betting Duty, which applies to online sports betting, will rise by 10 percentage points, going from 15% to 25%, effective from April 2027.
Executive Reactions and Forward Guidance
Neal Menashe, Chief Executive Officer, stated: “Super Group supports the reasonable taxation of online gaming in the UK. We rely on the government to ensure that today’s very substantial increase should be paired with robust and strict enforcement against non-paying offshore operators. This is essential to protect the regulated sector’s investment in jobs, technology, and responsible gaming in the UK.”
Alinda van Wyk, Chief Financial Officer, commented: “Going forward, we estimate that these new tax increases will have an impact of approximately 6% to our 2026 Group Adjusted EBITDA. However, Super Group already has several mitigation levers in motion, which are intended to offset the tax impact. Our strategy remains unchanged: sustainable growth and disciplined capital allocation. We don’t expect today’s news to alter our long-term trajectory nor our capital return priorities.”
Overview of Tax Changes
| Duty Type | Current Rate | New Rate | Effective Date | Change |
|---|---|---|---|---|
| Remote Gaming Duty (iGaming) | 21% | 40% | April 2026 | +19 percentage points |
| General Betting Duty (Online Sports Betting) | 15% | 25% | April 2027 | +10 percentage points |
Company Outlook
Super Group has underscored its commitment to maintaining sustainable growth and rigorous allocation of capital despite the impending tax increases. The organization has plans in progress to mitigate the anticipated effects and continues to focus on long-term priorities and capital returns.
- Author
Daniel Williams
