Playtech raises earnings outlook as Florida racing games drive US growth
The supplier expects competition for Hard Rock's historical motor racing games to have a greater impact on its share of the business into 2027.
Key points
- Playtech raised its 2026 adjusted EBITDA outlook to more than €300 million.
- North American revenue rose 176% at constant currency in the first half of 2026.
- Hard Rock's Florida historical motor racing library reached 148 titles by November 10.
- Playtech expects competing suppliers to have a more material impact on its share into 2027.
Playtech raised its 2026 earnings outlook on November 10 after historical motor racing games offered through Hard Rock Bet in Florida helped drive growth in North America.
The supplier now expects full-year adjusted EBITDA of more than €300 million, above analyst consensus of €279 million, Gambling Insider reported. Playtech cited continued strength across the Americas in its trading update.
Playtech's North American revenue reached €56.9 million ($63.2 million) in the first half of 2026, up from €21.8 million a year earlier. Revenue increased 176% at constant currency, with the company attributing much of the growth to the racing games.
The games use results from previously completed motor races to determine wagers while presenting them in casino-style formats. Hard Rock offers them under Florida's sports betting framework; the state does not permit online casino games.
Hard Rock's library grew from 21 titles at its October 2025 launch to 148 by November 10. Playtech said it spent more than a year developing the product with Hard Rock, absorbing much of the investment in 2025 before generating meaningful revenue.
IGT and Light & Wonder have since introduced their own versions. IGT entered the Florida platform in August with five titles, while Light & Wonder debuted on November 5 with Huff N’ More Puff.
Playtech said its racing-game revenue remained strong in the second half, but warned that the arrival of other suppliers was expected to have a more material impact on its share of Hard Rock's business into 2027.
Hard Rock relies on Florida's 2021 gaming compact with the Seminole Tribe, which includes wagers on past professional sporting events, including motor vehicle races, in its definition of sports betting. Historical horse racing machines operate under a separate regulatory framework.
Playtech CEO Mor Weizer said during the first-half earnings call that the company was exploring other US states and international markets, and that multiple US regulators had approached it about the product. He said discussions remained at an early stage.
Any expansion would have to meet the requirements of each additional jurisdiction. Neither Hard Rock nor Playtech has disclosed wagering volume, revenue or active-player figures for the racing games.
Sources
This story is based on reporting by:
We retell the facts in our own words, check every number against the sources and link to the originals.
Gembly is an AI-assisted newsroom. Each story is drafted from several sources, checked automatically and reviewed by an editor when a check fails. How we work →
