Playtech leaders sought to minimize their sweepstakes-related operations at their H1 2025 earnings call on Thursday, calling the vertical “immaterial” in the context of the company’s wider U.S. business.
CEO Mor Weizer and CFO Chris McGinnis spoke to investors on Sept. 11, days after the company confirmed to SBC Americas that it had stopped supplying content to sweepstakes casino platforms in California amid a legislative push to ban the vertical in the Golden State and a high-profile lawsuit involving other major suppliers.
Asked about their position on sweepstakes gaming, the executives stressed that supplying to sweepstakes makes up only a fraction of the company’s U.S. business.
“Overall, we see it as immaterial, circa 1% of overall group revenues or single-digit millions kind of amount on a revenue basis,” McGinnis said.
Playtech strikes cautious tone
Playtech previously provided content to sweeps platforms such as VGW’s Chumba Casino and LuckyLand Slots and B-Two Operations’ McLuck in California, but their games vanished from those sites recently as a result of Playtech’s decision to exit the state.
Weizer stressed that Playtech always took a “conservative approach” to supplying to sweeps operators, and the company will continue to monitor developments.
“We only worked with a very select few operators of size that we knew obtained certain legal advice alongside Playtech in only a select few states,” Weizer said. “From the outset, Playtech has not been involved in many states that some other operators operate in and other suppliers supply software and services in. We were one of the first to pull out of California, even ahead of anything happening there. We will follow the fluid changing and fluid regulatory environment in the U.S.”
States including Connecticut, Montana and New Jersey have already signed bans on sweepstakes gaming into law this year. SBC Americas inquired about the states in which Playtech still works with sweepstakes platforms, but was not provided with any specifics.
Playtech’s US revenue doubles, but profitability ‘years away’
During the earnings call, Playtech revealed that its U.S. revenue more than doubled in H1 2025 compared to the first half of 2024. That was driven by factors including new or extended launches with operators such as DraftKings and FanDuel, entry into West Virginia as the company’s fourth U.S. iGaming market and increased wallet share with existing operator partners.
Playtech also reported a 300% surge in live casino revenue. It recently launched live casino products with DraftKings in three states.
“I think it’s evident by the 100% growth in the U.S., 300% growth in live casino, that we have only just started,” remarked Weizer.
However, as Playtech continues to invest in its U.S infrastructure, not least heavy expenditure in live casino, McGinnis acknowledged that profitability for the company’s American operations is “probably still years away.”
