BetMakers chief executive Todd Buckingham said the business is now “unquestionably robust and independent of any single contract or strategy”, following rapid revenue growth in 2021-22, aided by the acquisition of Sportech’s global tote arm.
The business brought in AU$91.7m in revenue during the year ended 30 June, though its losses also increased following the deal.
Global betting services – which previously made up the vast majority of BetMakers’ revenue – brought in AU$19.5m, up by 179.3%.
However, with acquisition-driven growth in other segments, it was no longer the leading revenue generator for the business.
Instead, the global tote arm – acquired from Sportech last year – was the new leader. Tote revenue was AU$46.9m, up from just AU$1.7m a year earlier as the acquisition closed in the final weeks of 2020-21.
The BetMakers global racing network brought in AU$4.1m, up by 28%.
Costs of goods sold also increased, but more slowly, from AU$9.3m to AU$25.4m, resulting in a gross..
