Sportsbet, Australia’s largest corporate bookmaker, has returned to year-on-year revenue growth, even as turnover from sports betting continues to decline.
Parent company Flutter released its second-quarter 2025 results on Friday, with the surging US market a key driver behind the group’s 16 per cent global revenue increase.
Flutter reported revenue of US$4.2 billion for the quarter, while global handle – or turnover – rose seven per cent compared to the same period last year, reaching $19.7 billion.
The group’s global customer base now sits just shy of 16 million active monthly players, up 11 per cent from the same time in 2024.
In the Asia-Pacific region, which includes Sportsbet and a smaller presence in India, revenue climbed to $402 million – a four per cent improvement on last year’s second quarter.
The result marks a sharp recovery from the first quarter, when Asia-Pacific revenue dropped 13 per cent year-on-year and Australian sportsbook revenue was down 18 per cent.
Flutter has previously pointed to weakness in the Australian racing market as a major factor behind Sportsbet’s revenue slide over the past two years.
Despite turnover falling six per cent year-on-year in the latest quarter, Sportsbet managed to lift revenue by three per cent, indicating the bookmaker is earning more from each customer despite overall spend declining.