PointsBet posts $15.9m net win from Canadian operations during H1 2024

February 26, 2024
Leer en Español

The company reported that its Canadian iGaming net win reached a new high.

PointsBet has released its financial and business report for the first half of 2024. The company posted a total Canadian net win of $15.9m for the first half of the year, reflecting a 138% increase in activity when compared to figures from the previous year’s period.

Net win from sports betting in Canada rose by 153% year-over-year to reach $6.3m, while net win from iGaming rose to $9.5m and surpassed the previous year’s total by more than 124%.

The company reported a net win margin of 5.3%, which nearly doubled what PointsBet reported during the same period in 2023.

During the first half of this year, gross win from Canadian sports betting climbed to $10m, reflecting a 96% boost when compared to results from the same period last year.

PointsBet reported that its Canadian iGaming net win results for the first half of 2024 set a new company high. During this year’s second quarter, more first-time bettors in Ontario placed wagers during the second quarter than they have during any quarter since the province opened its commercial market almost two years ago.

PointsBet also provided a business update for its projects in the US. During the first half of the year, the company reported the successful transfer of ownership to Fanatics Betting and Gaming for 13 out of its 14 US state legal entities.

The company completed its first capital during September 2023 of $1 per share. Total payout to PointsBet’s shareholders reached $315.4m during the period.

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.


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.