Spurred by growth in Canada, sports wagering and iGaming reported Thursday a 4% year-over-year net win boost during the first half of the 2026 fiscal year.
- Australian-based gaming operator's year-over-year Ontario income grew by 35%.
- iGaming gross earnings in the province was up 60%.
- PointsBet saw running expenses increase 7.6% throughout H1.
Ontario, presently the only active managed gaming province in Canada, helped the Australian-based business produce a 35% year-over-year revenue spike and AU$ 24.4 million of its overall profits of $139.9 million throughout the six months ending Dec. 31, 2025.
PointsBet Canada's first-half deal with went beyond $700 million, with iGaming's $608.5 million in wagers producing 14% more than the previous H1 FY.
Canadian gamblers bet $109.2 million, which was down 35% year-over-year due to what PointsBet called "lower VIP play" and strong player win margins that minimized reinvestment. Still, sports wagering in Ontario created a 10.2% hold for a gross win of $11.2 million.
iGaming gross revenues skyrocketed 60% year-over-year to $19.3 million, and PointsBet reported a net win of $17.2 million from the operator's only online casino segment.
Ups and downs
Across both sectors, PointsBet's gross revenue of $64.2 million was down 1% year-over-year, with sales costs increasing 9.6% to $65.1 million. Normalized EBITDA was up a slight 2%.
Operating costs of $76.3 million were up 7.6% year-over-year. Including all other costs, PointsBet reported a $22.2-million bottom line, down from a $17.3 million loss throughout H1 FY2025.
In just Australia, PointsBet reported a sports wagering gross win of $156.1 million from a $1.19-billion deal with, which was up about 4% year-over-year. The 13.1% gross hold was somewhat less than the previous H1's 13.4% win rate.
The section's net revenue of $115.1 million dipped 1% year-over-year, with gross profit also falling 6% to $52.3 million. Statutory Segment EBITDA was down 34%. PointsBet said the horse racing handle was "actively suppressed" by the fortifying of compliance standards.
Company modifications
The operator stated an updated iGaming platform is coming in the very first half of this fiscal year in Ontario, where PointsBet is appealing current sanctions from regulators over the Jontay Porter wagering scheme. PointsBet has actually already begun registration in Alberta, which will quickly become the second province in Canada to offer regulated sports betting and iGaming.
1
Revenue Growth in Ontario Drives PointsBet's very first Half Of
miltonturner09 edited this page 2026-04-30 22:32:32 +08:00