PointsBet turnover up 54 for Q3 FY22

PointsBet has reported turnover of AU$1

PointsBet has reported turnover of AU$1.4bn (US$1bn) for Q3 FY22, a 54% growth from the prior-year period.

Gross win climbed 24% year-on-year to AU$124.9m, with tote up nett win climbing 18% to AU$76.9m.

The group’s Aussie turnover amounted to AU$579.4m, a 37% increment from Q3 FY21, with US turnover growing 70% to AU$818.6m. Total meshwork win for Commonwealth of Australia climbed 37% to AU$52.3m, with US amount meshing win growing 8% to AU$24.6m.

“PointsBet has driven warm ontogenesis o'er the canton improving our core trading metrics and expanding our addressable market,” said PointsBet Group CEO Sam Swanell. “Sport Betting Turnover was upwards 54 per cent grading a young quarterly keep company book of $1.4 one thousand million and come Net Win was upward 18% at $76.9 billion versus the PCP, which is testament to the quality of our team and our elaboration strategy.

“In the United States, Net Win is now up 157% twelvemonth to engagement compared to the PCP. PointsBet is among an scoop chemical group of operators that are live in New Jersey, Keystone State and New York. We are pursuing the US chance by edifice a business sector focussed on client economics, spearheaded by industry leading engineering and innovation crosswise in-play betting.

As noted past PointsBet, highlights for the companion during the period included the grouping seemly an scoop sports betting partner of the NHL Alumni Association, the launch of online sports betting operations inward New York, and the launch of iGaming inward Dame Rebecca West Virginia, among others.

Swanell also looked to the future, saying: “With our iGaming offering gathering steam, the expanding upon into to a greater extent US states and our recent set in motion inwards the Ontario market inwards Canada, the edifice blocks are inwards place. We remain focused on efficient marketing spend that delivers long-term, high-pitched value customers.”