PointsBet reports $703m turnover for Q3 FY21

The company’s Australian operations represented $AU423.2m of the total, with its US operations representing AU$482m. The former was a 137% year-on-year increase, with the latter rising 431%.

Gross win climbed 275% year-on-year to AU$100.5m, with Australian operations up 159% to AU$54.8m, and US gross win totalling AU$45.7m, a 715% rise.

Net win for the quarter was up 246% to AU$64.9m, AU$38.2m of which was in Australia, and AU$26.7m in the US. These were year-on-year increases of 147% and 716% respectively.

For the 12 months to 31 March 2021, both PointsBet Australia and PointsBet US reported increases in active clients. The former had 158,041 active clients for the period, a 90% increase for the 12 months to 31 March 2020. And the latter had 127,470 active clients, a 461% increase.

“The performance of the Australia trading business remains an excellent blueprint for PointsBet’s aspirations in the United States,” a statement from PointsBet read.

“PointsBet’s ability to operate a growing, profitable business in the advanced and competitive Australian market, backed by continually improving product and growing brand recognition, provides confidence in the continued execution of its US strategy.”

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Peter Lynch

Journalist

Peter Lynch is a journalist and former Staff Writer for Gambling Insider, where he worked from October 2020 to March 2023. During his tenure, Peter was responsible for writing news articles and feature content that explored major developments across the global gambling and iGaming industries.

He regularly interviewed leading executives and industry figures to bring firsthand perspectives on regulatory changes, commercial strategy and emerging market trends to Gambling Insider’s professional B2B audience.

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