Australian online bookmaker PointsBet has reportedly hired investment bank Moelis & Company to seek out potential buyers for its sports betting operations in North America.
PointsBet Puts US Sports Betting Business up for SaleIn its most recent financial report, PointsBet posted $120 million in revenue for Q3 and Q4 of 2022. This represented a 28% increase year-on-year. The positive performance was attributed to reduced marketing costs as a result of the company’s deal with NBCUniversal. The company also revealed that the first half of the fiscal year 2023 saw a sports betting handle of around $1.1 billion.
PointsBet Puts US Sports Betting Business up for SaleThere is no indication of any potential buyers as of yet although Fanatics was reportedly interested in buying a stake in PointsBet over a year ago.
PointsBet is currently offering US Sports betting in 14 states and recently withdrew its application for a license to operate in the state of Massachusetts.
