Almost four months after the launch of sports betting in Ontario, Australian-based sports betting company PointsBet, announced its performance in the province thus far. In a July 28 presentation to their investors, PointsBet detailed its performance in its fourth quarter, which in Australia runs from April to July. They revealed that from the launch in April, through the end of June, the operator handled $16 million (AUD) which equates to about $14.32 million (CAD) [US$11.1 million].

From this handle, it had a 4.2% win margin equating to roughly $630,000 (CAD) in gross winnings after paying their customers. Then, after costs such as taxes and promotions were taken into account, the sportsbook actually ended up taking a loss on the three-month period totalling roughly $450,000 (CAD).