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

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.