The Australian sportsbook operator has reported revenue of $743m.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0<\/strong>Flutter’s australian subsidiary Sportsbet<\/strong> has reported $743m in revenue for the first six months of 2022, continuing its strong revenue from the past year. The figure was up 5 per cent year-on-year.<\/p>\n\n\n\n Sportsbet said it had been focusing on player retention, leading to a 10 per cent increase in the average monthly player count<\/strong>\u00a0compared to the same period in 2021. Flutter said Sportsbet is now well-positioned to deal with tax hikes in\u00a0Queensland,\u00a0New South Wales\u00a0and the Australian Capital Territory, which are expected to cost $26m a year in 2022 and $88m a year in 2023.<\/p>\n\n\n\n Flutter added that Sportsbet has proven to handle regulatory risk well, as evidenced by its handling the Point of Consumption tax introduced in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" The Australian sportsbook operator has reported revenue of $743m.<\/p>\n","protected":false},"author":176,"featured_media":25402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sportsbet, Flutter's Australian subsidiary, reported H1 2022 revenue of $743m, a 5% year-on-year increase, driven by a 10% rise in average monthly players due to retention strategies. The operator is positioned to absorb significant tax hikes in Queensland, New South Wales, and the Australian Capital Territory, projected to cost $26m in 2022 and $88m in 2023, leveraging its proven regulatory risk management capabilities.","focusai_entities":"Flutter, Sportsbet","focusai_location":"Australia, Queensland, New South Wales, Australian Capital Territory","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tax Hike Impact","query":"What specific adjustments to Sportsbet's operational expenditure or GGR forecasts are anticipated to fully mitigate the $88m annual tax increase from 2023, and how will this affect NGR margins?"},{"label":"Retention Strategy Efficacy","query":"Beyond the 10% increase in average monthly players, what are the underlying metrics (e.g., LTV, churn rates, ARPU) demonstrating the efficacy of Sportsbet's player retention strategies, and how do these compare to industry benchmarks?"}],"footnotes":""},"categories":[16336,163],"tags":[],"class_list":["post-32673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32673"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32673\/revisions"}],"predecessor-version":[{"id":32689,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32673\/revisions\/32689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}