Super Group (SGHC) Limited announced that, following the completion of an extensive internal review, the company intends to undertake an exit plan for its sportsbook product in the United States. The company, along with relevant regulators and partners, will shortly begin the process to fully close its U.S. sportsbook operations in the nine states in which it is currently live. Super Group will, however, maintain its iGaming presence in the U.S. and plans to operate two iGaming brands from its Spin portfolio (including Jackpot City) in both New Jersey and Pennsylvania.

Super Group expects to incur costs and charges in connection with the closure of its U.S. sportsbook operation, information about which will be provided by management during the next quarterly earnings call, scheduled for early August. Such costs and charges, while not insignificant, will not have any impact on Super Group?s previously communicated capital allocation or operating plans. Non-U.S. earnings, which have historically been reported separately, will not be negatively impacted by this closure.