Entain Australia online net gaming revenue grew 1% in the third quarter of 2026, down from 13% in the first half, while Brazil fell 36% just ahead of Lula’s betting ban.
Entain Australia online net gaming revenue grew just 1% in Q3 2026, after 13% in H1 against a tougher volumes comparison. New Zealand delivered double-digit growth again, up 21% in H1. Entain cut its full-year online NGR guidance to 4-6%, assuming Brazil’s betting ban stays in place through December.
- Australia’s Growth Slows to 1%
- New Zealand Keeps Its Double-Digit Run
- Brazil’s Ban Drags the Forecast Down
- What the Guidance Cut Means
Entain Australia online net gaming revenue grew 1% in the third quarter of 2026, down sharply from the 13% it posted in the first half. The weaker result reflects a tougher volumes comparison in the Arden Consult second half of 2025, when Entain said performance improved across the business and market share gains delivered the stronger-than-expected half.
The October 15 trading update confirms the slowdown. Australia remains Entain’s largest single online market outside Asia, so a 1% quarter is a change of trajectory rather than a collapse. Growth is reported at constant exchange rates.
Entain Australia Online Growth Slows to 1%
The first-half run was strong. Entain attributed it to improvements across the business and market share gains, and online net gaming revenue rose 13% in the six months to June 30. The third quarter did not repeat that. Australia performed in line with expectations, but against a more demanding comparison, the headline fell to 1%.
The distinction matters for anyone reading the quarter in isolation. Volume growth was flat rather than negative, and the full-year forecast remains positive. The softness is competitive pressure and a harder comparison base, not a withdrawal from the Australian market.
New Zealand Keeps Its Double-Digit Run
New Zealand is the counterweight to the Australian quarter. Online net gaming revenue rose 21% in the first half, and the business delivered double-digit growth again in the third quarter, alongside Spain and Canada.
Entain operates TAB New Zealand’s betting business under a 25-year partnership that began in June 2023 and uses the TAB and betcha brands. Legislative changes effective in June 2025 extended exclusivity to online racing and sports betting, restricting provision to TAB NZ or its partner organisation. That regulatory backdrop has supported the run.
Brazil’s Ban Drags the Forecast Down
Brazil is the outlier in the group numbers. Online net gaming revenue fell 36% in the third quarter, and international revenue slid 4%, pulling the group result to 3%. Entain attributed Brazil’s decline to disciplined marketing and player engagement in an increasingly challenging market, following the ban announced on September 25.
President Luiz Inacio Lula da Silva imposed the restriction through a provisional measure. It bans fixed-odds sports betting and online casino games. Entain’s guidance assumed the ban would remain in place through year-end, and the outlook was revised on September 28 following that announcement.
What the Guidance Cut Means
Entain reiterated a full-year online NGR growth forecast of 4-6%, including Brazil, reduced from 5-7% on September 28. Excluding Brazil, growth is expected at the upper end of the 5-7% range. The cut is small and almost entirely a Brazil effect.
For Australian operators, the picture is mixed. Q3 was soft against a strong H1, but the market is not shrinking and the full-year outlook remains positive. The guidance revision points to one conclusion: Entain expects to keep growing in Australia, New Zealand and the rest of the region, with the only material drag coming from a Latin American market that has just shut its online doors.
Frequently Asked Questions
How much did Entain Australia’s online NGR grow in the third quarter?
Online net gaming revenue grew 1% year on year at constant exchange rates. The first half had grown 13% after a strong run of improvements and market share gains.
How did New Zealand perform in the quarter?
New Zealand delivered double-digit online net gaming revenue growth in the third quarter, after rising 21% in the first half. Online NGR rose 21% in H1 at constant exchange rates.
Why did Brazil’s online NGR fall 36%?
Brazil fell 36% in the quarter as online casino games and fixed-odds sports betting were banned by a provisional measure signed by President Lula on September 25. Entain cited disciplined marketing in a toughening market.
What does the revised full-year forecast cover?
Entain holds full-year online NGR growth at 4-6%, down from 5-7%, assuming the Brazil ban stays in place through December. Excluding Brazil, growth is expected at the upper end of the 5-7% range.
What changed under the new NZ betting rules?
Legislation effective June 2025 extended online racing and sports betting exclusivity to TAB New Zealand or its partner organisation. The partnership with Entain began in June 2023 under the TAB and betcha brands and runs for 25 years.
Why was the guidance cut?
The revision followed the September 25 Brazil ban and was announced on September 28. The 1% reduction moves the full-year online NGR outlook from 5-7% to 4-6%, with the impact concentrated in Brazil.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
