Allwyn reported a notable 21% increase in net revenue for the first quarter of 2026, reaching €1.2 billion, according to its preliminary earnings report. The growth was largely driven by its acquisition of US daily fantasy sports operator PrizePicks last year. Without PrizePicks, Allwyn’s net revenue still saw a 3.5% rise compared to the same period in 2025. And overall, the group’s total revenue grew 8% to €2.39 billion.
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Regional Revenue Highlights
Continental Europe remained Allwyn’s largest market, with a 7% rise in total revenue, totaling €1.2 billion. The UK, however, saw a minor decline with a 7% dip to €942 million. The North American division was the standout performer, achieving a staggering 408% growth, bringing its revenue to €305 million. Despite this explosive increase, net revenue in North America saw a smaller uptick of 7%, reaching €224 million. In the UK, Allwyn paid out €718 million in taxes and donations to good causes during the quarter. Khalid Reede Jones, the former head of the Virginia Lottery, has been appointed as the new CEO for Allwyn’s North American operations—an indication of the company’s growing focus on that market.
Investment in Betano Boosts Earnings
A key driver in Allwyn’s growth was its investment in the global operator Betano, which reported a 27% revenue increase to €788 million in Q1. This comes as part of Allwyn’s 37% stake through its merger with Greek lottery giant OPAP, announced last October. Betano’s operations span multiple continents, including Europe and Latin America. Allwyn’s CEO, Robert Chvatal, commended the company for its strong execution during times of major change, such as the integration of its recent acquisitions and the digital expansion across various brands and verticals. “The progress of our enlarged group this quarter demonstrates the breadth and strength of the Allwyn platform, with strong momentum in profitability and growth across our key markets,” Chvatal noted.
Digital Channels and Innovation Drive Growth
Chvatal attributed much of the company’s Q1 success to its digital channels and a strong emphasis on innovation, which were further supported by bringing PrizePicks under its wing. Despite headwinds like increased gaming taxes in Austria and a lack of record jackpots compared to the previous year, the company has maintained a competitive edge. “Our platform combines the resilience of lottery-led operations with growth from digital channels and new technology,” Chvatal added. He emphasized that Allwyn remains focused on using its platform to ensure continuous growth and value for shareholders, all while maintaining responsible gaming practices and strong regulatory partnerships. Notably, Allwyn reported no impact from geopolitical events in the Middle East or issues like international trade tariffs during the period.
Looking Ahead
The next phase for Allwyn involves further integrating its acquisitions and expanding digital offerings. With a new leadership team in North America and ongoing enhancements to its platforms, industry insiders will be watching closely as the company continues its growth trajectory. The board is expected to provide an update on these developments in the coming months.
Garry Sputnim is a seasoned journalist and storyteller with over a decade of experience in the trenches of global news. With a keen eye for uncovering stories that resonate, Alex has reported from over 30 countries, bringing light to untold narratives and the human faces behind the headlines. Specializing in investigative journalism, Garry has a knack for technology and social justice issues, weaving compelling narratives that bridge tech and humanity. Outside the newsroom, Garry is an avid rock climber and podcast host, exploring stories of resilience and innovation.
