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Playtech says sweepstakes casino revenue is immaterial after California exit

Business

Playtech executives said on the company’s H1 2025 earnings call that sweepstakes casinos account for about 1% of group revenue, described as an immaterial contribution. CEO Mor Weizer said Playtech had withdrawn from California and was monitoring regulatory developments across US states; CFO Chris McGinnis characterised the revenue as a single-digit millions amount.

Investors can gauge Playtech’s limited sweepstakes revenue exposure as it exits California and monitors regulation.

End-of-day close Playtech (PTEC), GBp, to 27 October 2025
Story date29 July 202527 October 2025

Latest reported results

Playtech LSE: PTEC

Financial year ended 31 December 2025

Revenue
EUR 763.6m
Operating income
−EUR 90.5m

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Regulation

California sweepstakes-casino ban takes effect on 1 January 2026

California Governor Gavin Newsom signed AB 831 on 11 October, making specified dual-currency sweepstakes casino operations unlawful from 1 January 2026. The law also covers payment processors, marketing affiliates and other service providers, with penalties of up to one year in county jail or a $25,000 fine for knowingly supporting the operations; some platforms have already stopped accepting California players.

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