Bragg Gaming Expands Online Casino Presence with DraftKings in Pennsylvania

Pennsylvania. This move is part of the company’s ongoing collaboration with the sportsbook and iGaming operator, which already spans multiple states, including New Jersey, Michigan, and Connecticut.

Exclusive Slot Titles Now Available

With this launch, Pennsylvania players can now enjoy Bragg’s proprietary and exclusive online casino games from studios such as Wild Streak Gaming, Atomic Slot Lab, Indigo Magic, Bluberi, King Show Games, and Sega Sammy Creation, among others. The initial rollout features a selection of popular titles, including Dragon Power Super Orbs and Queenie from Wild Streak Gaming, Devil’s Lock by Bluberi, Top Up Fortunes Ocean from Sega Sammy Creation, Jolly Leprechaun by Sega Sammy Creation, and Lucky Buddha from King Show Games.

Bragg Gaming’s partnership with The Pennsylvania launch follows successful integrations in other key iGaming markets, reinforcing the company’s commitment to broadening its reach and delivering high-quality gaming experiences to U.S. players.

Financial Growth and Expansion Plans

Bragg Gaming has demonstrated strong financial performance in recent quarters. The company reported a 16.3% year-over-year increase in fourth-quarter revenue, reaching record levels. Gross profit also saw a significant rise of 30.9%, while adjusted EBITDA experienced a remarkable 68.1% growth.

For the full year, Bragg posted a 9.1% year-over-year increase in revenue, with gross profit growing by 8.2% and adjusted EBITDA rising by 3.6%. These figures highlight the company’s sustained upward trajectory and continued expansion efforts.

Looking ahead to 2025, Bragg expects substantial revenue growth in Brazil and North America, with projections indicating that these markets could contribute up to 10% and 15% of total revenue, respectively, by the end of the year. The company’s guidance for 2025 forecasts revenue reaching EUR 120.25 million, marking a 17.9% increase, while adjusted EBITDA is expected to rise by 28.2% to EUR 20.25 million. Additionally, the adjusted EBITDA margin is anticipated to improve by 140 basis points to 16.8%.

Strengthening Market Position

Bragg Gaming continues to strengthen its market presence through strategic partnerships and expansion initiatives. Recent milestones include its entry into Brazil’s regulated iGaming market, a content and technology partnership with Caesars Entertainment, and an agreement with Loto-Québec, marking its expansion into a second Canadian province.

Furthermore, the company launched iGaming content in Delaware, marking its fifth U.S. iGaming state, and expanded its partnership with Caesars Digital to include the Pennsylvania and Ontario markets. Additionally, insider share purchases and a reaffirmed strategic focus following a corporate review have positioned Bragg for further growth.

Bragg Gaming reported cash flow generated from operating activities of EUR 11.2 million (USD 11.8 million) for the year ended December 31, 2024, compared to EUR 11.7 million (USD 12.4 million) the previous year. As of December 31, 2024, the company held cash and cash equivalents totaling EUR 10.5 million (USD 11.1 million), with net working capital, excluding deferred consideration and loans payable, amounting to EUR 11.9 million (USD 12.6 million).

With its continued expansion and financial growth, Bragg Gaming is positioning itself as a key player in the online gaming industry, leveraging strategic partnerships and a strong content portfolio to drive success in regulated markets

Source:

‘’Bragg’’, lrealmoneyaction.casinowinning.net, March 25, 2025.