Allwyn has reported an 8% rise in total revenue for Q1 2026, reaching €2.39 billion, driven by digital channels and key acquisitions.
Key Takeaways
* Allwyn’s total revenue increased 8% to €2.39 billion in Q1 2026, with net revenue up 21%.
* Betano, a brand in which Allwyn holds a 37% interest, saw its revenue climb 27% year-on-year to €788 million.
* North America emerged as the fastest-growing region, recording a 408% increase in total revenue, while the UK market experienced a slight dip.
Allwyn Reports Strong Q1 Performance Driven by Digital Growth and Acquisitions
Allwyn has released its preliminary earnings for the first quarter of 2026, showing an 8% increase in total revenue, reaching €2.39 billion. Net revenue for the period rose 21% year-on-year, totaling €1.2 billion. These financial results highlight the company’s strategic emphasis on digital expansion and the integration of recent acquisitions within the gambling and lottery sectors.
The group’s net revenue figures include the performance of US DFS operator PrizePicks, acquired last year. Excluding this business, net revenue still showed a 3.5% increase compared to Q1 2025, indicating both organic growth and the impact of strategic acquisitions.
Betano’s Revenue Surge
A key aspect of Allwyn’s Q1 financial breakdown was the performance of Betano. Allwyn holds a 37% interest in the Kaizen Gaming brand, an ownership stake secured through its merger with Greek lottery giant OPAP, which was announced in October of the previous year. Betano’s total revenue for the first quarter reached €788 million, marking a 27% increase year-on-year. The brand operates across various markets in Europe and Latin America, contributing to Allwyn’s overall revenue.
Regional Performance Overview
From a regional perspective, continental Europe remained Allwyn’s largest market, reporting a 7% increase in total revenue to €1.2 billion. This region continues to be a significant contributor to the company’s financial results.
In contrast, the UK market experienced a 7% decrease in total revenue during the quarter, reaching €942 million. Despite this, the operator paid €718 million in taxes and contributions to good causes in the UK during Q1.
The North American division recorded the most substantial growth, increasing by 408% to achieve a total revenue of €305 million for the region. Net revenue for North America also saw a 7% increase, reaching €224 million. This expansion in a key market reflects strategic success. To support this growth, Allwyn recently appointed Khalid Reede Jones, formerly the chief of the Virginia Lottery, as the new CEO for its North American operations.
Strategic Integration and Digital Focus
Robert Chvatal, Allwyn’s CEO, commented on the company’s performance, noting its “firm focus on execution” during a period of significant integration. The company has been integrating major acquisitions from the past year, including the OPAP merger and PrizePicks in the US, while also establishing an overarching digital division to support multiple brands and verticals.
Chvatal stated that the growth for the period was primarily driven by the digital channel. He attributed this success to a focus on innovation, enhancements to the company’s offerings, and improvements in player experience, alongside the acquisition of PrizePicks.
The CEO also acknowledged certain challenges during the quarter, such as an increased gaming tax in Austria. Additionally, the comparative period benefited from record jackpots in EuroMillions across Austria and the UK, and Tzoker in Greece, which provided a higher baseline for comparison.
Allwyn’s platform includes lottery-led businesses across continental Europe, North America, and the United Kingdom. This structure combines the stability and cash generation of lottery operations with growth opportunities from digital channels, proprietary content, technology, online sports betting, and iGaming. The company aims to leverage this platform to deliver sustained growth and long-term shareholder value, while maintaining disciplined capital allocation and responsible gaming standards.
An additional note confirmed that Allwyn’s operations were not impacted by geopolitical developments in the Middle East and Iran, broader macro pressures, or international trade tariffs during the reporting period.
I remember the first time I saw Kai Tak, Hong Kong’s gambling city, I thought I was in a fairy tale. All the lights blinking, the music and the monumental buildings, what 9-year-old wouldn’t think they’ve come to a magical place? It was my father who brought me, dragging me along and when inside I was hit by the smell of frying duck. As soon as I hit 21 I returned to Kai Tak, A bit nervous to see if my mind had embellished the memory, but it hadn’t. Kai Tak was still a magical place. I decided I wanted to spend as much time as I could at this place, so I did.
