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.
