Spurred by development in Canada, sports betting and iGaming operator PointsBet reported Thursday a 4% year-over-year net win boost throughout the very first half of the 2026 .

- Australian-based gaming operator's year-over-year Ontario income grew by 35%.

- iGaming gross earnings in the province was up 60%.

- PointsBet saw running expenses increase 7.6% during H1.

Ontario, currently the only active controlled gaming province in Canada, assisted the Australian-based company produce a 35% year-over-year profits spike and AU$ 24.4 million of its total earnings of $139.9 million during the 6 months ending Dec. 31, 2025.

PointsBet Canada's first-half handle surpassed $700 million, with iGaming's $608.5 million in wagers producing 14% more than the previous H1 FY.

Canadian gamblers bet $109.2 million, which was down 35% year-over-year due to what PointsBet called "lower VIP play" and strong gamer win margins that minimized reinvestment. Still, sports wagering in Ontario generated a 10.2% hold for a gross win of $11.2 million.

iGaming gross profits soared 60% year-over-year to $19.3 million, and PointsBet reported a net win of $17.2 million from the operator's only online gambling establishment sector.

Ups and downs

Across both segments, PointsBet's gross profit of $64.2 million was down 1% year-over-year, with sales costs increasing 9.6% to $65.1 million. Normalized EBITDA was up a slight 2%.

Operating costs of $76.3 million were up 7.6% year-over-year. Including all other expenses, PointsBet reported a $22.2-million net loss, below a $17.3 million loss during H1 FY2025.

In just Australia, PointsBet reported a sports wagering gross win of $156.1 million from a $1.19-billion deal with, which was up about 4% year-over-year. The 13.1% gross hold was slightly less than the previous H1's 13.4% win rate.

The segment's net revenue of $115.1 million dipped 1% year-over-year, with gross earnings also falling 6% to $52.3 million. Statutory Segment EBITDA was down 34%. PointsBet said the horse racing deal with was "actively suppressed" by the conditioning of compliance requirements.

Company modifications

The operator stated an upgraded iGaming platform is can be found in the very first half of this calendar year in Ontario, where PointsBet is appealing recent sanctions from regulators over the Jontay Porter betting scheme. PointsBet has actually already begun registration in Alberta, which will quickly end up being the second province in Canada to provide regulated sports wagering and iGaming.