Published on: May 17, 2026, 09:20h.

Updated on: May 17, 2026, 09:21h.

• PointsBet shows a 1% drop in overall revenue during the first nine months of FY26 post-MIXI acquisition
• Company experiences a 28% growth in net wins from igaming in Canada
• PointsBet set to launch operations in Alberta

PointsBet’s total group revenue reached USD $133.4 million for the nine months ending March 31, down from $134.7 million in the previous year for the same timeframe, although this decline is mitigated by robust growth in the Canadian sector.

1% Decline in Overall Revenue

The previous year showcased a public struggle between MIXI Australia and Betr for the control of PointsBet located in Australia, featuring a series of offers and counteroffers. In September, MIXI Australia successfully completed its acquisition of PointsBet, acquiring 66.43% of the company’s shares and solidifying its majority ownership.

The betting agency reported a 6% drop in gross profit, amounting to USD $66.9 million, down from USD $71.4 million during the first nine months of FY25. Additionally, PointsBet updated its financial year-end from June 30 to March 31, integrating these results into MIXI’s financial records starting October 1, 2025.

The number of active cash clients saw a 1% increase year-over-year, reaching 298.1 thousand. While Australia experienced a 1% decline, Canada reported a 9% rise.

Upcoming Alberta Launch in July

The company also highlighted a reduction in marketing expenditures for the nine-month period, reducing from USD $35.9 million the previous year to USD $35.1 million, along with a decrease in operating expenses, which dropped from USD $34.7 million to USD $32.3 million.

PointsBet Canada entered the market as a fully licensed operator when Ontario’s regulated segment opened its doors on April 4, 2022. The company is included among the 28 igaming operators on Alberta’s Gaming, Liquor & Cannabis list, either having received a license or in the process of obtaining one to commence operations in Alberta when the market launches on July 13.

Australia’s performance lagged according to PointsBet’s financial disclosures, showing revenue declining to USD $108.7 million from USD $112.9 million, a 4% drop. The gross win margin for sports betting remained stable at 13.3%, while net win decreased by 4% to USD $119.6 million.

Performance in Canada

The online casino segment in Canada significantly supported the overall performance financially.

In Canada, revenue increased by 13%, totaling USD $24.7 million, with total net win rising by 14% to USD $24.8 million. Specifically, igaming net win saw a substantial 28% boost, reaching USD $16.9 million, with slots contributing prominently to this growth. However, sports betting handle saw a 39% reduction to USD $115.5 million year-on-year, attributed to diminished VIP activity and higher gross win margins that decreased reinvestment.

In March, PointsBet Canada’s Head of Casino, Brooke Hilton, discussed with Casino.org the evolution of the market toward a casino-first model.

“The industry recognizes the necessity to innovate and evolve beyond expectations,” she stated. “Over the past year, we have heavily invested in enhancing our casino technology, features, promotions, and mechanics. We aim to elevate our product to attract more casino-focused players, aligning with market demands.”