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Spurred by development in Canada, sports wagering and iGaming operator PointsBet reported Thursday a 4% year-over-year net win increase throughout the very first half of the 2026 fiscal year.
- Australian-based video gaming operator's year-over-year Ontario revenue grew by 35%.
- iGaming gross profits in the province was up 60%.
- PointsBet saw running expenses increase 7.6% during H1.
Ontario, currently the just active managed gaming province in Canada, helped the Australian-based company generate a 35% year-over-year income spike and AU$ 24.4 countless its total income of $139.9 million throughout the six 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 wagered $109.2 million, which was down 35% year-over-year due to what PointsBet called "lower VIP play" and strong player win margins that reduced reinvestment. Still, sports betting in Ontario created a 10.2% hold for a gross win of $11.2 million.
iGaming gross revenues 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 sector.
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 slight 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 simply Australia, PointsBet reported a 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 section's net revenue of $115.1 million dipped 1% year-over-year, with gross revenue likewise falling 6% to $52.3 million. Statutory Segment EBITDA was down 34%. PointsBet said the horse racing handle was "actively reduced" by the conditioning of compliance standards.
Company modifications
The operator said an updated iGaming platform is coming in the first half of this calendar year in Ontario, where PointsBet is appealing recent sanctions from regulators over the Jontay Porter betting plan. PointsBet has already begun registration in Alberta, which will quickly become the second province in Canada to use regulated sports wagering and iGaming.
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