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Low sportsbook margins fail to dent strong Q2 for Betsson

24th July 2012 7:38 am GMT

Sweden’s Betsson has reported a 44 per cent increase in revenues to SEK486.2m for the second quarter of 2012, with continued growth from sportsbook despite the company recording its lowest ever quarterly sportsbook margins.

Sportsbook turnover rose 52 per cent to SEK2,744.8m during the quarter, with live betting contributing turnover of SEK1,904.8m, up 59 per cent year-on-year.

Betsson said that sportsbook margins (after free bets) amounted to 4.6 per cent, down from 5.9 […]

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