PointsBet Expands its Business in Canada, Mainly Sports Betting
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PointsBet continues to dominate the Canadian betting market, reporting significant growth in bets and net winnings in the third quarter of 2024. For the period from June to September, the company showed a 57% increase in sports betting volume to 63.5 million Canadian dollars, while net winnings in this category rose by 77% to 3.8 million. In-game winnings increased by 50% to 4.2 million, significantly closing the gap with sports betting.
Live betting played a special role in this growth, accounting for 76% of PointsBet's total sports betting volume, reflecting the general trend in the market. The company has also expanded its casino content in Canada, adding new games from Pragmatic Play, Relax Gaming and PlayAGS.
The company’s CEO, Sam Swanell, said he expects PointsBet to further strengthen its position in Canada by improving its loyalty tools and promotions.