PBH 0.00% 46.5¢ pointsbet holdings limited

Ann: PointsBet Approved as a Licensed Sportsbook in Ontario, page-29

  1. 394 Posts.
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    Hi Puntz.

    I don't want to hijack this thread after this reply, I'd prefer to keep it about the amazing Canada news -
    But it is important to understand why starting at the same time is important.

    Online was up and running from late July/August 2018 (Draftkings the other incumbent DFS operator was first). I used the FanDuel pic to show how important pre-registration is if you get a head start - Fanduel retains roughly 40-45% and Draftkings roughly 29% of NJ which is why having a brand awareness and the ability to launch as early as possible is key. Pointsbet went online when 8 other books had already been accepting bets.

    Below is just evidence of the handicap Pointsbet has historically always started from. They also grew market share in Australia from no-where, and now that is a nice stable business even when sport and horse-racing was disrupted during the 1st and 2nd waves of the pandemic.

    https://hotcopper.com.au/data/attachments/4056/4056195-999fc56ca5fdf9fd46e394a072a77af4.jpg
    https://hotcopper.com.au/data/attachments/4056/4056198-5a6fc308c2275880765f8efb65d79297.jpg
    https://hotcopper.com.au/data/attachments/4056/4056201-4e30c8d526e4a1442a4de3cd30ef07f8.jpg

    Last edited by sweeke: 04/02/22
 
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