Sportsbet suffers revenue hit in Australia

Sportsbet, Australia’s largest bookmaker, has reported a 10.6 per cent drop in revenue for the September quarter, with the continued decline in racing investment identified as a key contributor to a 5 per cent fall in overall turnover.

Parent company Flutter detailed in its quarterly update that Sportsbet’s revenue had fallen by US$35 million compared to the same period last year — down from US$371 million to US$336 million. Across the first three quarters of 2025, Sportsbet’s total revenue stands at US$965 million, representing a 12.5 per cent year-on-year decline.

Despite the downturn in the Australian market, Flutter recorded growth across its broader international operations. Revenue in its “international” division — markets outside of the United States — rose 21 per cent during the quarter to US$2.4 billion, while its US business, led by FanDuel, achieved a 9 per cent lift to US$1.37 billion.

The Asia-Pacific segment, which includes Australia, was the only region to experience a contraction, with a 12 per cent decline in revenue across the September quarter.

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