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Entain Cuts 2026 Online Growth Outlook After Brazil Betting Shutdown

Entain cut its 2026 online net gaming revenue growth outlook to approximately 2%-4% from 4%-6% after Brazil's regulatory shutdown, according to its 28 September trading update.

Elie Bizimana
By
Elie Bizimana Founder & iGaming Analyst
Published: September 28, 2026  •  Updated: September 28, 2026
Entain Cuts 2026 Online Growth Outlook After Brazil Betting Shutdown

Entain has lowered its 2026 online net gaming revenue growth outlook after Brazil moved to shut down licensed fixed-odds betting operations, saying the change will affect the group's expectations for the remainder of the year.

In its 28 September trading update, Entain said it now expects online NGR growth for 2026 of approximately 2% to 4% on a constant-currency basis, compared with the previous expectation of approximately 4% to 6%.

What Entain changed

The revised outlook is an operator forecast, not reported full-year performance. Entain attributed the reduction primarily to the impact of regulatory changes in Brazil, together with the timing of certain market exits and other factors described in its trading update.

The company said its underlying performance outside the affected markets remained consistent with its broader expectations. The Brazil change is therefore best understood as a guidance revision caused by a regulatory development rather than a statement that the group has already reported a corresponding decline in annual revenue.

Brazil's regulatory change

Brazil published Provisional Measure 1,394 on 25 September. The measure establishes a shutdown process for fixed-odds betting and online games, with federal government communications identifying 6 October as the date for authorised betting sites and applications to become unavailable.

Entain's revised guidance follows that regulatory development. The company did not present the revised percentage range as a government forecast or independent market estimate.

Financial context

Entain operates across multiple regulated betting and gaming markets, so the Brazil impact is one component of its overall online outlook. The company's update should not be read as a revision to every part of its business guidance unless explicitly stated in the trading statement.

What to watch next

The next material information will come from Entain's subsequent trading and financial reporting, alongside developments in Brazil's provisional measure and any legal or legislative action affecting the shutdown timetable.

Reporting & Methodology

Entain's 28 September trading update is the primary source for the guidance change. Brazil's Provisional Measure 1,394 is used to establish the regulatory context. All guidance figures are explicitly presented as company forecasts.

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