PointsBet Posts First Quarter Financials

Sportsbetting operator PointsBet has announced its first-quarter financial results, which saw turnover increase by 81% compared to last year.

Key financial indicators for the first-quarter ending September 30th, 2021 were:

• Net win of $67.3 million AUD, which was up 76% from the same time last year
• iGaming revenues were $2.2 million AUD
• The Australian division saw a 79% jump in active players to 222,662
• The US division's active players jumped 367% to 185,880
• Turnover was $979.9 million AUD: $631.4 million from Australia and $348.6 million from the US
• Expenses were $110.5 million AUD
• Operating costs were $33 million AUD
• Advertising and marketing expenses of $46.5 million AUD
• Staff costs of $19.3 million AUD
• Administrative Costs of $11.7 million AUD
• Operating loss of $25.6 million AUD

A link to the financial presentation can be found here.