Gamblers wagered $73 million in settled bets via the company’s app in its fiscal third quarter, including a one-month high of $30.8 million in March. The Toronto-based firm had $8.9 million in sports-media revenue, up from $2.4 million from the same period in 2020 and almost $8.5 million in 2019. (The Logic)
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Gamblers wagered $73 million in settled bets via the company’s app in its fiscal third quarter, including a one-month high of $30.8 million in March. The Toronto-based firm had $8.9 million in sports-media revenue, up from $2.4 million from the same period in 2020 and almost $8.5 million in 2019. (The Logic)
Talking point: The cost of promotions has kept theScore’s gaming business in the red, with negative net revenue of about $2.5 million for the quarter. With Parliament passing legislation last month to legalize single-event sports betting, the company plans to launch wagers and online casino games in Canada once the provinces open up to private players, starting in Ontario. The users of its news app and watchers of its former TV channel will provide a ready-made audience, president Benjamin Levy told The Logic last month. TheScore also expects to double the number of U.S. states in which it acts as a bookmaker over the next year, from five currently.
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