Revenue Growth in Ontario Drives PointsBet's very first Half Of
Spurred by development in Canada, sports betting and iGaming operator PointsBet reported Thursday a 4% year-over-year net win boost during the very first half of the 2026 .
- Australian-based gaming operator's year-over-year Ontario earnings grew by 35%.
- iGaming gross income in the province was up 60%.
- PointsBet saw running expenses increase 7.6% during H1.
Ontario, presently the just active regulated gaming province in Canada, assisted the Australian-based company generate a 35% year-over-year revenue spike and AU$ 24.4 million of its total income of $139.9 million throughout the 6 months ending Dec. 31, 2025.
PointsBet Canada's first-half manage exceeded $700 million, with iGaming's $608.5 million in wagers producing 14% more than the previous H1 FY.
Canadian bettors 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 decreased reinvestment. Still, sports wagering in Ontario produced 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 gambling establishment sector.
Ups and downs
Across both segments, 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 small 2%.
Operating expenses of $76.3 million were up 7.6% year-over-year. Including all other costs, PointsBet reported a $22.2-million net loss, below a $17.3 million loss throughout H1 FY2025.
In just Australia, 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 sector'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 strengthening of compliance requirements.
Company modifications
The operator stated an upgraded 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 wagering plan. PointsBet has already started registration in Alberta, which will soon end up being the second province in Canada to provide regulated sports betting and iGaming.