Entain’s Australian online net gaming revenue grew just 1 percent year-on-year in the third quarter of 2026, after double-digit growth in the first half. New Zealand kept its double-digit gains, while Brazil fell 36 percent after the government imposed a betting ban.
Entain Australia online net gaming revenue rose 1 percent year-on-year in Q3 2026, following 13 percent growth in H1 against a tougher second-half 2025 comparison. New Zealand delivered double-digit growth, and group NGR rose 2 percent excluding Central and Eastern Europe. The full-year forecast remains 4-6 percent.
- Australia’s Q3 Slump
- New Zealand Keeps Its Double Digits
- Brazil’s 36% Collapse
- The Full-Year Forecast and Brazil Ban
Entain published its trading update on October 15, reporting Australia’s online net gaming revenue growth at 1 percent year-on-year. Growth is measured at constant exchange rates, which means the drop is not an FX artefact. The company had guided to double-digit growth in the first half, so the quarter closes the year well below its own midpoint.
Entain attributed the weaker quarter to volumes, which performed in line with expectations against a tougher second-half 2025 comparison. The H1 result was different. Australian online NGR rose 13 percent, and the company credited the improvement to operational gains and market share wins across the business.
Australia’s Q3 slump
The 1 percent growth rate is the result of a business that had been running well. Entain says the quarter delivered in line with expectations, but the comparison base was harder, and volumes did not improve enough to lift the headline. That is a volume problem, not a pricing or FX problem.
AGBrief follows online gaming operators and their quarterly trading updates across the region.
The mix matters. Entain’s Australian operation combines TAB NZ’s betting business with its online casino activity, and the company has been working to improve both. A single-digit quarter does not automatically point to a collapse, but it does signal that the momentum from 2025 has stopped.
New Zealand keeps its double digits
New Zealand delivered double-digit online NGR growth in the third quarter, joining Spain and Canada as the standout markets in Entain’s portfolio. The company reported 21 percent growth in the first half, so the momentum held through the year rather than fading in the back half.
AGBrief has covered TAB NZ’s regulatory position over the years.
Entain operates TAB NZ’s betting business under a 25-year partnership that began in June 2023, using the TAB and betcha brands. Legislative changes effective June 2025 extended exclusivity to online racing and sports betting, restricting the market to TAB NZ or its partner organisation. That framework explains why New Zealand remains the most predictable market in the portfolio.
Brazil’s 36% collapse
International NGR fell 4 percent, and Brazil was the main drag. Entain reported a 36 percent year-on-year decline, attributing it to disciplined marketing and player engagement in an increasingly challenging market before the ban on September 25. The timing is the point: the operator had already tightened its approach before the government acted.
AGBrief tracks Brazilian online gaming policy and the operators caught in it.
President Luiz Inácio Lula da Silva imposed the ban on fixed-odds sports betting and online casino games through a provisional measure. The order was not the only factor in Brazil’s decline, but it removed the market’s most visible consumer-facing channels and should keep pressure on the numbers through the rest of the year.
The full-year forecast and the Brazil ban
Entain reiterated its full-year online NGR growth forecast of 4-6 percent, including Brazil. It reduced the figure on September 28, moving from 5-7 percent. The assumption is that the ban stays in place through year-end; the guidance does not account for it being lifted early.
AGBrief covers how the ban is likely to affect Brazil’s gaming sector.
Excluding Brazil, growth is expected at the upper end of the 5-7 percent range. That leaves the company’s outlook resting on a market that has already lost 36 percent, and it is a reminder of how much of Entain’s Asian-adjacent growth still depends on New Zealand. The guidance assumes the ban remains in place through year-end, and nothing in the update suggests it would last longer than that.
Frequently Asked Questions
Why did Entain Australia online growth slow?
Australian online NGR grew 1 percent year-on-year in Q3 2026, after 13 percent growth in H1. Volumes performed in line with expectations against a tougher second-half 2025 comparison, and figures are reported at constant exchange rates.
How did New Zealand perform?
New Zealand delivered double-digit online NGR growth in the third quarter, alongside Spain and Canada. Online NGR rose 21 percent in the first half, and Entain operates TAB NZ’s betting business under a 25-year partnership.
Why did Brazil’s online NGR fall?
Brazil online NGR fell 36 percent year-on-year. Entain credited disciplined marketing and player engagement in an increasingly challenging market before the ban announced on September 25, when President Lula imposed restrictions on fixed-odds betting and online casino games.
What is Entain’s full-year online NGR forecast?
Entain guided to 4-6 percent online NGR growth for the full year, including Brazil, down from 5-7 percent announced on September 28. Excluding Brazil, growth is expected at the upper end of the 5-7 percent range, assuming the ban stays in place through year-end.
How much did Australia grow in the first half?
Australian online net gaming revenue rose 13 percent year-on-year in H1 2026, with Entain crediting operational improvements and market share gains. The company expected stronger-than-expected performance against a tougher second-half 2025 comparison.
What does the group result look like?
Across continuing operations excluding Central and Eastern Europe, group NGR rose 2 percent in the third quarter and online NGR increased 3 percent. International NGR fell 4 percent, led by Brazil’s 36 percent decline.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
