TLDR Betfred reported a pre-tax profit of £64 million ($84.59 million) for the 52 weeks ended March 29, 2026. The bookmaker plans to close 132 UK betting shops, about 10% of its retail network, with around 600 jobs expected to go. Retail turnover reached £544 million, compared with £451.7 million from online gambling. Betfred will end its Super League sponsorship at the close of the 2026 season, citing higher taxes and wage inflation. Remote Gaming Duty rose from 21% to 40% in April 2026, after the reporting period ended.
Betfred reported a pre-tax profit of £64 million ($84.59 million) for the 2025-26 financial year. The figures come from accounts filed with Companies House.
The results cover the 52 weeks ended March 29, 2026. The previous financial period covered 78 weeks, so the headline figures cannot be directly compared.
The bookmaker is also dealing with higher gambling taxes in the UK. It plans to close betting shops, cut spending and end a major sports sponsorship deal.
Betfred’s Profit and Turnover Figures
Betfred generated £720 million ($951.62 million) in gross profit and £74.1 million ($97.94 million) in operating profit during the period. After £24.4 million in tax, the company recorded a profit of £39.6 million ($52.34 million).
A positive foreign exchange difference of £9.5 million lifted total comprehensive profit to £48.7 million ($64.37 million).
Retail was the larger part of the business. Betfred’s shops generated £544 million ($719 million) in turnover, compared with £451.7 million ($597 million) from online gambling.
That puts retail at about 55% of total turnover and online at about 45%. Combined turnover came in just below £1 billion ($1.32 billion).
The company recorded £147.4 million in betting duty, £54.5 million in machine gaming duty and £18.6 million in statutory betting duty. It also listed £55.1