Earnings season is always an opportunity to learn about operators, but the latest PointsBet report also provided the first peek at what is happening in Ontario sports betting.
Australia-based PointsBet reported its fourth-quarter earnings Thursday night, including an overall US sports betting handle of $480 million. The total handle was up 40% compared to the same quarter last year.
PointsBet had a total net US win of $21.2 million, a 72% year-over-year increase.
PointsBet provides first look at Ontario sports betting
As the industry waits on Ontario sports betting regulators to release any revenue data, PointsBet was the first operator to give some insight into the market, which launched April 4. The sportsbook took a modest $11.2 million in bets during the quarter and generated a net win of $139,558.