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Be the first with the news that moves the market - FansUnite’s (FANS) McBookie achieved significant turnover and gross win growth in 2022
- Annual betting turnover in 2022 increased to £44.8 million, up from £36.6 million in 2021, an increase of 22 per cent
- Gross win increased by 44 per cent to £2.35 million from £1.63 million in 2021
- FansUnite is a global sports and entertainment company focused on technology related to online gaming
- FansUnite (FANS) is up by 4 per cent trading at $0.13 per share
FansUnite’s (FANS) McBookie achieved significant turnover and gross win growth in 2022.
The following figures apply to the U.K.-based subsidiary’s sportsbook and casino segments unless otherwise noted.
Betting turnover
Annual turnover in 2022 increased to £44.8 million, up from £36.6 million in 2021, an increase of 22 per cent.
Sportsbook turnover increased 26 per cent to £16.5 million, up from £13.1 million in 2021, while casino turnover grew by 20 per cent to £28.4 million from £23.6 million.
Gross win
Gross win increased by 44 per cent to £2.35 million from £1.63 million in 2021, with gross margin increasing to £1 million from £0.6 million in 2021, or 43 and 36 per cent, respectively, expressed as a percentage of revenues.
McBookie recorded its most profitable month of the year in December 2022 with over £144,000 in gross margin thanks to the 2022 FIFA World Cup. It also delivered strong results in October and November 2022, with gross margin of £109,000 and £105,000, respectively.
“Once again, McBookie has proven to be the dominant force in the Scottish sportsbook and casino marketplace,” stated Scott Burton, CEO of FansUnite. “By realizing another 44 per cent gross win increase last year on top of its 54 per cent gross win increase in 2021, McBookie has demonstrated its ability to maintain a strong connection with its loyal customer base as well as activate new bettors.”
“We believe McBookie is positioned for a record-breaking 2023,” he added.
FansUnite is a global sports and entertainment company focused on technology related to online gaming.
FansUnite (FANS) is up by 4 per cent, trading at $0.13 per share as of 2:22 pm EST.