BlueBet has published its Q3 FY24 business results. The company successfully entered the Ohio sports betting market during the year, marking its debut in the US sports wagering scene.
Ohio first opened its commercial market last year. Since its debut, the state has posted a total handle of close to $7.5bn and revenue of nearly $1bn.
In its recent report, BlueBet celebrated its first partnership in the Buckeye State. The company said that it expects to generate revenue from the state during the 2025 fiscal year.
BlueBet players also placed their first wagers in the state of Louisiana during the fiscal year as well.
The company said during the year its US market entry has put it on “clear path to profitability in all three B2C markets.”
Blue also reported a “significant reduction” in its US expenditure. The company said its BlueBet Global platform was delivered and approved during the year.
As of now, no further market launches have been planned, according to the recent report.
In other company news, BlueBet’s Clutchbet subsidiary recently teamed up with Omnichannel payments provider Pavilion Payments to integrate Pavilion’s enhanced withdrawal product with ClutchBet’s Instant Payments. The new upgrades are designed to “decrease disbursement times while providing operators with a cost-effective method to deliver funds instantly to their players’ checking accounts.”
The Instant Payments platform includes Real Time Payments (RTP), FedNow and Same Day ACH solutions. Instant Payments solution paves the way for casino operators to streamline their payments options to meet customer demands.
Pavilion Payments CEO Christopher Justice described the collaboration with ClutchBet as a “major step forward.”
