Betfair has reported a 15 per cent increase in revenue to £135.4m for the first quarter ended July 31st, with EBITDA climbing 19 per cent year-on-year despite the impact of £12.8m of additional UK Point of Consumption tax.

Betfair said that the results represented another strong performance by the operator, with double-digit revenue growth against the period containing the World Cup last year “particularly encouraging” and ahead of expectations.

Sports betting revenue increased by 8 per cent to £89.9m, despite the comparable period including the 2014 World Cup which generated £15.9m in revenue. Sportsbook volumes were up 89 per cent, including a 143 per cent increase in in-play betting.

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