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 during the first half of the 2026 .
- Australian-based video gaming operator's year-over-year Ontario profits grew by 35%.
- iGaming gross earnings in the province was up 60%.
- PointsBet saw running expenses rise 7.6% throughout H1.
Ontario, presently the just active regulated video gaming province in Canada, helped the Australian-based business generate a 35% year-over-year income spike and AU$ 24.4 countless its total of $139.9 million throughout the 6 months ending Dec. 31, 2025.
PointsBet Canada's first-half handle 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 lowered reinvestment. Still, sports betting in Ontario generated 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 sections, PointsBet's gross revenue of $64.2 million was down 1% year-over-year, with sales expenses rising 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 expenses, PointsBet reported a $22.2-million net loss, down from a $17.3 million loss during H1 FY2025.
In simply Australia, PointsBet reported a sports betting gross win of $156.1 million from a $1.19-billion handle, which was up about 4% year-over-year. The 13.1% gross hold was a little less than the previous H1's 13.4% win rate.
The segment's net earnings 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 stated the horse racing manage was "actively reduced" by the conditioning of compliance requirements.
Company changes
The operator said an updated iGaming platform is can be found in the very first half of this fiscal year in Ontario, where PointsBet is appealing recent sanctions from regulators over the Jontay Porter betting scheme. PointsBet has actually currently begun registration in Alberta, which will soon end up being the 2nd province in Canada to use regulated sports wagering and iGaming.