Allwyn records 21% Q1 net revenue uptick supported by PrizePicks acquisition
Today, in a preliminary earnings report for the first three months of 2026, Allwyn has reported a Q1 total revenue uptick of 8% to €2.39 billion, while net revenue increased 21% on the previous year to €1.2 billion.
The group’s net revenue includes US DFS operator PrizePicks, which it acquired last year. Excluding this business, net revenue was up 3.5% compared to Q1’25.
Breaking down its numbers by region, the operator’s largest market remained continental Europe, with a total revenue increase of 7% to €1.2 billion.
Meanwhile total revenue in the UK dipped slightly by 7% during the quarter to €942 million. Its North American division recorded the most growth across all business arms (408%), resulting in a total revenue of €305 million for the region. However net revenue was up 7% to €224 million.
In the UK the operator paid €718 million in taxes and good causes contributions during Q1.
The operator this week announced a new CEO to oversee its North America business, naming former Virginia Lottery chief Khalid Reede Jones in the role.
Betano revenue up 27% in Q1
Notably, Allwyn’s financial breakdown for Q1 split out global operator Betano’s earnings for the period. Allwyn owns a 37% interest the Kaizen Gaming brand, through its merger with Greek lottery giant OPAP, which was announced in October last year.
In Q1 Betano’s total revenue came to €788 million, up 27% year-on-year. Today the brand operates across Europe as well as in LatAm.
Allwyn CEO Robert Chvatal praised the operastor for remaining “firmly focused on execution” during a period of intense flux, as the company integrates a number of major acquisitions made last year (including the OPAP merger and PrizePicks in the US), and establishes an overarching digital division to run across multiple 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 in continental Europe, the addition of PrizePicks in North America, the completion of the UK technology transformation, a strong contribution from Betano and continued development of our digital and content capabilities,” Chvatal said.
Allwyn Q1 growth driven by digital and PrizePicks acquisition
The CEO said growth for the period had been driven by the digital channel and was “supported by our focus on innovation and enhancements to our proposition and player experience, as well as the acquisition of PrizePicks”.
He said that headwinds in the period had been felt due to the increased gaming tax in Austria and the comparative period benefiting from record jackpots in EuroMillions (Austria, UK) and Tzoker (Greece).
“Allwyn’s platform comprises leading lottery-led businesses across continental Europe, North America and the United Kingdom, together with market-leading growth assets, combining the resilience and cash generation of lottery-led operations with growth from digital channels, proprietary content, technology, online sports betting, iGaming and North American entertainment,” Chvatal added.
“We remain focused on leveraging this platform to deliver compounding growth, cash generation and long-term shareholder value, while maintaining disciplined capital allocation, responsible gaming standards and strong partnerships with regulators, governments and communities.”
An additional note confirmed the operator had not been impacted during the period by geopolitical developments in the Middle East and Iran, macro pressures or international trade tariffs.