PointsBet generates $45.5m Canadian handle during Q1 2025
The company reported growth across the board in the Canadian sector.
Key Points
- The company’s Canadian quarterly handle rose by 57%
- Net win grew by 77% year-over-year
PointsBet has released its financial and business results for the first quarter of 2025.
The company posted a total Canadian handle of nearly $45.5m for the first quarter of the year, reflecting a 57% increase in activity when compared to figures from the previous year’s period.
PointsBet posted a total net win of $5.7m during the first quarter, reporting a 62% year-over-year boost.
Handle
Net Win
Gross Win
Total net win from sports betting in Canada rose by 77% year-over-year to reach $2.7m, while net win from iGaming rose to $3m and surpassed the previous year’s total by 50%.
The company reported a net win margin of 5.9%, which rose by less than a percentage point compared to what PointsBet reported during the same period in 2024.
During the first quarter of the fiscal year, gross win from Canadian sports betting climbed to $3.8m, reflecting a 59% boost when compared to results from the same period last year.
Good to know: The Canadian province of Ontario opened its commercial gaming market nearly two years ago
PointsBet reported that it expects its cash flow to break even during this fiscal year regarding its Canadian sector.
PointsBet is a corporate bookmaker listed on the Australian Stock Exchange with operations in Australia, the United States, Canada and Ireland. Currently, the company’s online sportsbook is live in 12 US states, with iGaming operations live in four states.
In other Canadian news, Gateway Casinos & Entertainment Ltd. recently announced plans to reach out to lenders in collaboration with Morgan Stanley to refinance loans, according to a recent Bloomberg report.
Sources close to the matter informed Bloomberg that Gateway Casinos is seeking $1.3bn of private debt so that it can pay owners a dividend and refinance loans.
They also said that “the talks are private,” and “preliminary.” Discussions regarding details of the deal are subject to change.
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