Kambi has published its 2021 financial report, declaring a 38% increase in revenue year-over-year despite “tough challenges” as the Americas overtook Europe as its largest revenue driver.

The sports betting partner saw its revenue reach an all-time high in 2021 of $180.2m (2020: $130.6m), whilst profit before taxation stood at $62.2m (2020: $34.4m). The firm also saw a 77% increase in operating profit and a 35% operating margin drove the firm’s net cash position to $80.2m.

In the US, Kambi expanded across six more states in 2021, bringing the total number of states in which it has launched to 18 since the repeal of PASPA.

In December, the firm entered into a multi-year and multi-state partnership with Affinity Interactive, an omni-channel gaming firm.