ointsBet reported turnover and revenue growth during the first quarter of its 2021 fiscal year, the three months ended 30 September.
During the period, the group recorded a turnover of A$691.9 million (USD $493.3 M), a 193% increase. A$527.7 million came from Australia, up 221%, while the US market contributed the remaining A$164.2 million, a 130% growth year-over-year.
The company reported a gross win of A$70.4 million, or 10.2% gross win margin, a 282.6% rise from the prior corresponding period. In terms of the net revenue win, PointsBet netted A$38.1 million, or a 5.5% net win, a 222.9% year-on-year rise.
Active clients climbed by 88% to 164,500. Customer numbers in Australia grew 73.2% to 124,715, while the US customer base grew 158.9% to 39,816.
Also during the first quarter of FY2021, the company signed a 5-year media partnership with NBCUniversal, becoming its official betting partner, in exchange for a USD 393 million marketing spend. PointsBet simultaneously announced and has since completed, a A$353.2 million capital raise comprising an entitlement offer and a share placement.
The company also secured several other partnerships, with Kroenke Sports & Entertainment, the Detroit Tigers, Pacers Sports & Entertainment, Indianapolis Colts and Chicago Bears and Twin River. The latter gave the company iGaming access in New Jersey. PointsBet also launched in Illinois and relaunched in Indiana during the quarter.