Revenue Growth in Ontario Drives PointsBet's first Half Of
Spurred by development in Canada, sports betting and iGaming operator PointsBet reported Thursday a 4% year-over-year net win increase throughout the very first half of the 2026 .
- Australian-based video gaming operator's year-over-year Ontario income grew by 35%.
- iGaming gross revenue in the province was up 60%.
- PointsBet saw running costs rise 7.6% during H1.
Ontario, currently the only active managed gaming province in Canada, assisted the Australian-based company produce a 35% year-over-year earnings spike and AU$ 24.4 countless its overall earnings of $139.9 million during the 6 months ending Dec. 31, 2025.
PointsBet Canada's first-half handle exceeded $700 million, with iGaming's $608.5 million in wagers producing 14% more than the previous H1 FY.
Canadian bettors wagered $109.2 million, which was down 35% year-over-year due to what PointsBet called "lower VIP play" and strong gamer win margins that decreased reinvestment. Still, sports betting in Ontario created a 10.2% hold for a gross win of $11.2 million.
iGaming gross profits 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 section.
Ups and downs
Across both segments, PointsBet's gross profit 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 small 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 simply Australia, PointsBet reported a sports betting gross win of $156.1 million from a $1.19-billion manage, which was up about 4% year-over-year. The 13.1% gross hold was slightly less than the previous H1's 13.4% win rate.
The sector's net income of $115.
Spurred by development in Canada, sports betting and iGaming operator PointsBet reported Thursday a 4% year-over-year net win increase throughout the very first half of the 2026 .
- Australian-based video gaming operator's year-over-year Ontario income grew by 35%.
- iGaming gross revenue in the province was up 60%.
- PointsBet saw running costs rise 7.6% during H1.
Ontario, currently the only active managed gaming province in Canada, assisted the Australian-based company produce a 35% year-over-year earnings spike and AU$ 24.4 countless its overall earnings of $139.9 million during the 6 months ending Dec. 31, 2025.
PointsBet Canada's first-half handle exceeded $700 million, with iGaming's $608.5 million in wagers producing 14% more than the previous H1 FY.
Canadian bettors wagered $109.2 million, which was down 35% year-over-year due to what PointsBet called "lower VIP play" and strong gamer win margins that decreased reinvestment. Still, sports betting in Ontario created a 10.2% hold for a gross win of $11.2 million.
iGaming gross profits 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 section.
Ups and downs
Across both segments, PointsBet's gross profit 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 small 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 simply Australia, PointsBet reported a sports betting gross win of $156.1 million from a $1.19-billion manage, which was up about 4% year-over-year. The 13.1% gross hold was slightly less than the previous H1's 13.4% win rate.
The sector's net income of $115.