Online gambling company
Betway is an online gambling company. Founded in 2006, it offers
betting and gambling products including sportsbook and💶 online casino. Betway has
offices in London, Malta, Guernsey, and Cape Town, South Africa.
Overview
The Betway
brand holds licenses in countries💶 including the UK, Malta, Italy, Denmark, Spain,
Belgium, Germany, Sweden, Mexico, South Africa, Portugal, Ireland, Poland, France,
Argentina, and the💶 United States. It is a member of the European Sports Security
Association,[1][2] the Independent Betting Adjudication Service,[3] the Remote Gambling
💶 Association,[4][5] and is accredited by international testing agency eCOGRA.[6] Betway
has a partnership with the Professional Players Federation,[7] which promotes,💶 protects
and develops the collective interests of professional sportspeople in the UK.[8] It is
also a supporter of the Responsible💶 Gambling Trust.[9][10]
Alongside Spin Casino,
Betway is a subsidiary of its holding company, Super Group. In January 2024, Super
Group listed💶 on the New York Stock Exchange via a SPAC, and now trades as SGHC.
Betway
has sponsored many sporting organizations, events,💶 teams and athletes, including West
Ham United,[11] National Hockey League,[12] and South African Twenty20 Cricket League
SA20.[13]
World record jackpot
In October💶 2024, Betway paid out €17,879,645
($20,062,600; £13,209,300) to Jon Heywood (UK) for hitting the jackpot on Microgaming's
Mega Moolah slot💶 while playing at Betway. This was verified by Guinness World Records,
at the time,[14] as the largest ever jackpot payout💶 in an online slot machine,
subsequently surpassed in 2024.
Regulation and compliance
Betway has been at the
forefront of recent online gambling💶 industry reforms. The company disbanded their 'VIP'
department in 2024 following headlines surrounding the use of these departments to
encourage💶 high-rolling customers to continue using gambling products.
In March 2024,
Betway was fined a then record £11.6m for historical failings in💶 customer protection
and anti-money laundering checks, allowing one customer to deposit over £8m and lose
over £4m in a four-year💶 period.[15]
In June 2024, Betway announced that they would be
the first betting company to ban player transfer and managerial job💶 betting in
football, following high-profile cases that had linked the markets to manipulation and
corruption across the industry.
In the United💶 States, Betway is present in Virginia,
Colorado, Indiana, New Jersey, Iowa, Arizona, and Pennsylvania. Users in all states can
also💶 play the free Betway Big Pick app to win money without gambling.[16]
Casino
developers
Betway Casino offers games provided by developers such💶 as NetEnt and Play'n
GO.
