× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 17 December 2019

Bet365 sees 10% revenue rise for fiscal year, to £2.98bn

By Owain Flanders

According to Bet365’s latest financial report, obtained by Gambling Insider, the operator generated revenue of £2.98bn ($3.94bn) for the 12 months ending 31 March 2019, a rise of 10% year-on-year.

Operating profit was £767.1m, an increase of 12%, while the number of Bet365's active customers rose 23% for the period.

The amount wagered on sports was £64.5m, up 23%, with in-play wagering representing 79% of total sports revenue.

Mobile sports revenue grew 18% during the fiscal year.

The operator also grew its number of staff to 4,646, an increase of 616 from 2017/18.

The period saw Bet365 increase its fixed assets by £120m, with a $50m investment in Empire Resorts in New York, increased player registrations and the purchase of a new office building.

The operator attributed its strong performance to revenue from the FIFA World Cup in 2018, and reduced direct costs as a result of a non-recurring charge in the prior period.

Bet365 CEO Denise Coates also credited the period’s progress to the evolution of the operator’s sports offering and gaming products, with investment in the development of in-house games, native apps and the growth of live casino.

RELATED TAGS: Online | Industry | Sports Betting | Financial
IN-DEPTH 18 February 2020
A decade to remember

Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
The Leading iGaming Software Supplier in Asia
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...