PointsBet announces 2022 Q1 results with company handle up 42% from last year

By Isabella Aslam

PointsBet has announced its Q1 results for the 2022 fiscal year, alongside an overview of its trading performance. 

Company figures for the financial year 2022
The company’s overall handle grew to AU$979.9m (US$738.62m), a 42% increase from its 2021 figure of AU$691.9m. This was made up of its Australian trading business, which grew 20% with the US business increasing by 112%. 

Gross win margin also saw overall percentage increases of 2%; made up of 3% from both its Australian and US markets. 

PointsBet announced a revenue increase of AU$117.7m, a 62% rise from 2021, of which Australia generated AU$87.9m. The US saw a large percentage increase in revenue at AU$29.2m; this was a 197% growth from last year's results.

The company’s net win also saw expansion. Again, the US aided in the major increases with a 307% rise from AU$3.1m to AU$12.5m. Australia escalated levels with an overall 56% climb; bringing PointsBet's overall net win to a 76% plus on last year’s figures.

PointsBet Canada
In September 2021, PointsBet Canada entered into a number of multi-year deals. These included serving as the Official and Exclusive Sports Betting Partner of DailyFaceOff.com and the Nation Network.

DailyFaceOff has a large collection of professional insights, news, analysis and statistics, holding 1.5 million monthly users. Alongside the NationNBetwork’s multi-podcast following of five million sports fans; these assets will aid in PointsBet establishing its target market in Canada.

Alongside agreements, PointsBet has also made itself the official betting partner of Curling Canada.

 

 

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