Last Updated on 9 May 2022
PointsBet has been named as the best sports betting operator at the 2022 edition of the EGR North America Awards. The Australia-based bookmaker has won the award for the second consecutive year, thus reaffirming itself as one of the leading sports betting brands in the world.
PointsBet winning at the EGR Awards for two years in a row coincides with the company’s strong growth in recent months reflected in its latest quarterly update. That’s the direct result of the quality of PointsBet’s sports betting product and marketing.
Recognition and Validation for PointsBet’s Hard Work
Johnny Aitken, PointsBet’s USA CEO, said that it was a tremendous achievement to be voted the top sports betting operator for the second consecutive year. He thanked the judges, partners, the whole EGR team, as well as industry colleagues for the recognition and validation of the hard work they had put in.
Aitken listed the company’s achievements in North America and said that PointsBet’s expansion in new jurisdictions like Pennsylvania, New York, and Ontario presented some exciting opportunities ahead.
EGR updates its panel of judges each year and it consists of independent, external industry experts with a lot of experience in the field. Judges had to keep the names of all winners confidential. They were also required to state that they didn’t have any conflict of interest before they were selected.
Deloitte, the industry-leading audit and assurance provider, was also included in the process as a third party. The company’s inclusion ensured that everything was transparent and that the winners were indeed innovation leaders and had the commercial success that was necessary to get the highest EGR honours.
Strong Growth in Q3
PointsBet, the sportsbook, currently operates in ten US jurisdictions and offers its leading sports betting products to US punters, as well as those in Ontario, Canada. The ASX-listed company operates online casino platforms in five US jurisdictions too.
In addition to the United States and Canada, PointsBet also has operations in Australia and Ireland.
PointsBet Holdings Ltd reported strong growth in its quarterly update and the company’s shares were trading at $3.09 at the time of writing. That’s a 13% increase compared to PointsBet’s share price before it released its Q3 FY22 report.
In the latest quarterly update, the Australian bookmaker reported a net win of $76.9 million, up 18%, and a gross win of $124.9 million, up 24%. PointsBet’s turnover for the first three months of 2022 was up 54% to $1.398 million. The company’s cash balance was $425 million.
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