Allwyn Q1 Revenue Hits €2.39B, PrizePicks Lifts US Growth

Allwyn posted higher Q1 revenue as PrizePicks added a new North America engine and Betano delivered another strong digital quarter. The UK was softer, but the wider group still grew through lottery, DFS, online gaming, and sports betting exposure.

Good to Know

• Allwyn total revenue rose 8% year-on-year to €2.39 billion in Q1 2026.
• Net revenue climbed 21% to €1.2 billion, or 3.5% without PrizePicks.
• Betano total revenue rose 27% to €788 million during the quarter.

PrizePicks Changes The Shape Of Allwyn Q1

Allwyn had a much larger North America business in Q1, mainly because PrizePicks now sits inside the group numbers. North America total revenue jumped 408% to €305 million, while net revenue rose 7% to €224 million. The PrizePicks deal gave Allwyn a direct position in US daily fantasy sports, a sector sitting close to sports betting, player props, and prediction-style entertainment.

Group total revenue reached €2.39 billion, up 8% from Q1 2025. Net revenue increased 21% to €1.2 billion. Without PrizePicks, net revenue still rose 3.5%, which gives a cleaner view of the core lottery-led business.

Robert Chvatal, CEO of Allwyn, said:

“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.”

Continental Europe stayed the largest region, with total revenue up 7% to €1.2 billion. The UK had a weaker quarter, with total revenue down 7% to €942 million. Allwyn still paid €718 million in UK taxes and good causes contributions during Q1.

Digital gave the update most of its energy. Allwyn said online net gaming revenue rose 68% to €540 million and made up 48% of total net gaming revenue, up 12 percentage points from Q1 2025.

Betano also added weight to the quarter. Allwyn owns 37% of Kaizen Gaming through the OPAP merger announced in October 2025. Betano total revenue reached €788 million, up 27% year-on-year, with the brand active across Europe and Latin America. Income from the Betano stake rose 43% to €60 million.

Chvatal said growth came from digital channels, product work, player experience upgrades, and PrizePicks. He also pointed to tougher comparisons from record EuroMillions jackpots in Austria and the UK, Tzoker jackpots in Greece, and higher gaming tax in Austria.

He added:

“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.”

Allwyn also said Middle East and Iran geopolitical risk, wider macro pressure, and international trade tariffs did not affect the quarter. In North America, the company also named former Virginia Lottery chief Khalid Reede Jones as the new CEO for the region.

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