Market leader Sportsbet continues to be impacted by headwinds in the Australian wagering market, with its revenue over the first three months of 2025 down 18 per cent year-on-year.
Releasing its quarterly update on Thursday, Flutter, Sportsbet’s parent company, revealed its Australian revenue for the first quarter of 2025 was $US271 million. That is $US58 million ($A90 million) less than the first three months of 2024.
Reflective of the overall challenges within the Australian wagering industry, Sportsbet, which holds around 45 per cent of market share, reported $US351 million of revenue across the same period in 2023, and has now reverted to its lowest first-quarter revenue in five years.
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