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