Published
OnlineFinancialSports BettingIndustry

PointsBet posts strong end-of-year and Q4 results

PointsBet has simultaneously released its financial results for 2022 as well as for its Q4. The Australian bookmaker has had a stellar year in 2022, with much of the business showing strong net revenue and significant gains in the US market.

pointsbet generic bg 1 gambling insider web image

For 2022, the company declared a 48% increase on 2021, with $309.4m generated across the board – compared to 2021’s $208.5m. Aided by a 32% turnover increase, PointsBet reported handle of over $5bn in 2022 – up from $3.7bn.

However, the big news for the company comes from its growth in North America, with a 122% increase in total net revenue – totalling $93.9m against 2021’s $42.3m. Meanwhile, turnover was up 37% in the US, totalling $2.4bn.

Australia, meanwhile, saw positive gains – though not as significant as those made in the US – as PointsBet saw a 30% increase annually, posting a 2022 financial gain of $215.4m.

The Q4 results echoed the bookmaker’s growth throughout the year, as it saw a 41% increase in total net revenue – generating $85.8m against 2021’s $60.8m.

The US and Australia both saw gains, with the former seeing a 72% uptick with revenues of $30.4m – and Australia up 28% with a net income of $55.2m.

Earlier this year, PointsBet was granted a licence to operate in Ontario, became the official sportsbook partner of Maple Leaf Sports and Entertainment, and signed a new streaming deal with IMG Arena.

So, going forward it’s easy to see the operator making further major strides in the North American and Canadian market – as more US states open up to gambling.  

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...