Despite numerous operators voicing its opposition toward the UK Autumn Budget Statement on 26 November, Super Group CEO Neal Menashe has issued a response showcasing support for the new legislation.
"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," Menashe said.
"This is essential to protect the regulated sector's investment in jobs, technology, and responsible gaming in the UK."
The UK Autumn Budget Statement introduced a rise in Remote Gaming Duty (RGD) from 21% to 40% for operators, slated to go into effect by April 2026. An increase in General Betting Duty, or online sports betting, from 15% to 25% will also go into effect by April of the following year.
"Going forward, we estimate that these new tax increases will have an impact of approximately 6% to our 2026 Group Adjusted EBITDA," Super Group CFO Alinda van Wyk said.
"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."
While the 6% impact on group adjusted EBITDA for 2026 may have assisted in Super Group endorsing the new UK Budget, operators such as Flutter Entertainment, Entain, Evoke and The Rank Group Plc have spoken out against the RGD and General Betting Duty increases.
"Today's tax increases are a very disappointing outcome and will have a significant adverse impact on our industry," Flutter UK & Ireland CEO Kevin Harrington said.
"The Chancellor rightly wants to address harm, but these changes will hand a big win to illegal, unlicensed gambling operators who will become more competitive overnight."
Entain CEO Stella David stated she was "deeply disappointed" in the UK Budget, while Evoke estimated the changes in tax rates will have a $165.5-178.7m annual effect on duty costs paid by the operator.
Super Group reported its financial results for the third quarter of 2025 on 3 November, as total revenue grew 26% to $556.9m, while net profit throughout the quarter was $95.8m, equating to an 830.1% increase
