Founder Denise Coates is believed to have earned £213.4 million for the year
Sports gambling revenue decreased by 2% compared to the previous year, while gaming revenue increased by 25% over the same period. According to bet365, the growth in gaming revenue was due to an increase in the total amount wagered and a rise in the number of active customers, which grew by 48%.
bet365 Revenue Tops £2.85 Billion but Profits for FY2022 Take Big HitThe decrease in profit was mainly caused by an increase in administration expenses, totaling £320 million (€362.5 million), including advertising costs in new markets and expenses for additional computers for expansion. The number of staff employed by the company also grew significantly from 5400 in the prior period to 6100 in FY22. This was in large part due to launches in Buenos Aires in Argentina, Colorado in the US, Ontario in Canada, and the Netherlands.
bet365 Revenue Tops £2.85 Billion but Profits for FY2022 Take Big Hit in the prior reporting period.