PointsBet Q2 revenue surges 356% on Australia Covid-19 gains

US business records second consecutive quarter of positive net revenue as bettors pivot to niche sports

PointsBet has reported a 356% year-on-year rise in revenue (minus bonuses) in Q2 to £18.5m on record performance in Australia as bettors migrated online during the Covid-19-induced lockdown. Turnover in Australia grew 81% on the previous quarter to £167.6m, boosting the group’s overall net win margin by 6% to 9.6%. Although the firm’s US business…

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