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PointsBet reports strong revenue growth in fiscal first quarter

27th October 2020 10:04 am GMT
PointsBet

Sydney-listed sports betting operator PointsBet grew net win by 222 per cent in its fiscal first quarter ended 30 September, although high marketing costs weighed on its bottom line.

The Australia and US sports betting operator reported turnover of AUD$691.9m for the period, an increase of 193 per cent year-on-year, with turnover in Australia climbing 221 per cent to $527.7m and US turnover climbing 130 per cent to $164.2m.

Total gross win for the three month period [...]

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