PointsBet has simultaneously released its financial results for 2022 as well as for its Q4. The Australian bookmaker has had a stellar year in 2022, with much of the business showing strong net revenue and significant gains in the US market.
For 2022, the company declared a 48% increase on 2021, with $309.4m generated across the board – compared to 2021’s $208.5m. Aided by a 32% turnover increase, PointsBet reported handle of over $5bn in 2022 – up from $3.7bn.
However, the big news for the company comes from its growth in North America, with a 122% increase in total net revenue – totalling $93.9m against 2021’s $42.3m. Meanwhile, turnover was up 37% in the US, totalling $2.4bn.
Australia, meanwhile, saw positive gains – though not as significant as those made in the US – as PointsBet saw a 30% increase annually, posting a 2022 financial gain of $215.4m.