PointsBet Holdings Proprietary Limited welcomes sports’ return

Australian online bookmaker PointsBet Holdings Proprietary Limited has reportedly welcomed news that two of its home nation’s most popular sporting leagues are set to resume action before the end of this year’s second quarter.

According to a report from the online gambling news domain at iGamingBusiness.com, Australia’s National Rugby League (NRL) is to emerge from its coronavirus-induced suspension from tomorrow while the even larger Australian Football League (AFL) is to return to the field from June 11.

Successful start:

Melbourne-headquartered PointsBet Holdings Proprietary Limited reportedly used a recent communication to hail these resumptions and reveal that its net win from operations in the United States and Australia for the 55 days to Monday had hit almost $12.18 million, which was only a little over 1% lower than the around $12.31 million it had booked for the entire three months to the end of March.

Coronavirus consequence:

iGamingBusiness.com reported that the Northern Territory, Colorado and New Jersey-licensed bookmaker moreover detailed that its domestic PointsBet.com.au operation had chalked up revenues of just over $11.98 million since the first day of April while its compatriot American services had seen their takings surpass $197,500. The source explained that these brought the firm’s net revenues since July 1 of last year to slightly over $44.23 million with is business benefiting as sportsbetting customers reacted to the coronavirus pandemic by shunning more traditional land-based bookmakers in favor of safer online alternatives.

Domestic domination:

It was furthermore reported that PointsBet had outperformed its domestic rivals in terms of turnover from Australian horseracing, which has been largely unaffected by the nation’s coronavirus-induced lockdown, while improvements to its overall product offering had led to a greater share of wallet from existing clients.

Reportedly read a statement from PointsBet Holdings Proprietary Limited…

“The recommencement of NRL and AFL will see the breadth of our product offering expand in Australia with clients being able to wager on both racing and major sports.”