theScore earnings: U.S. sports bets fall, Q3 misses analyst estimates

Tuesday, July 13, 2021 11:51 PM
  • Jeff Lagerquist, Yahoo Finance Canada

Score Media and Gaming expects to launch its app-based gambling platform in at least four new U.S. states over the next year, as the Toronto-based media and gaming company prepares to take bets from Canadian sports fans for the first time.

Commonly known as theScore, the company hopes to leverage its well-known Canadian digital sports media brand to capture a meaningful share of the country’s long-awaited single-sports betting market…

theScore predicted on Tuesday that it will at least double its number of markets south of the border in the next 12 months. The company said its gaming handle, or the amount of money it in wagers for the quarter, fell to $73 million for the three months ended May 31, down from $81.6 million in the previous period.