Tone from management is extremely postive“theScore Bet is live and taking bets in New Jersey, capping one of the most significant quarters and fiscal years in our history,” said John Levy, Founder and CEO of theScore. “Not only did we successfully launch our new sports betting platform in the fast-growing New Jersey sports betting market, but we also secured market access rights for an additional 11 states via a highly-coveted partnership with Penn National Gaming.
“Along with New Jersey, this provides us with potential market access to offer mobile sports betting to about 30% of the U.S. population. We continue to explore strategic opportunities to bring theScore Bet to as many states as possible and are well capitalized to execute on our vision following the $40 million strategic investment by Fengate.
theScore achieved a new Q4 revenue record of $6.4 million. This compared to $5.1 million in revenue for the same period last year, with year-over-year growth of 25% led by strong performances from direct sales in the U.S. and Canada. theScore achieved a new Q4 record for average monthly user sessions on theScore sports app.
Average monthly sessions reached 272 million during Q4 F2019, year-over-year growth of 6%, with users opening it an average of 75 times a month each. theScore’s social sports content reached approximately 142 million users in Q4 F2019, a new quarterly record and year-over-year growth of 150%. Total video views of theScore’s esports content also achieved a new quarterly record of 85 million, year-over-year growth of 157%.