Betsson Record Largest Ever Quarterly Revenue

Published February 16, 2011 by OCR Editor

Betsson Record Largest Ever Quarterly Revenue

Online sportsbook division leads the way for Swedish gambling company.

Online gambling company Betsson has smashes its largest ever quarterly revenue, after its taking increased by 26 percent year-on-year in the fourth quarter of 2010, the company said.

Record Sportsbook Growth

Betsson sportsbook was the main area of growth, with gross turnover more than doubling, particularly in the area of live betting where it rose by a staggering 393%. Live betting constituted more than 60% of gross turnover for the online sportsbook division.

CEO Pontus Lindwall said that the overall growth of 78% for the year in its sports betting division was proof that "today Betsson offers one of the world's best sportsbooks, and this is something players in the Nordic region, as well as in other regions, have become aware of."

Betsson Continues Expansion

The Swedish online gaming firm continued to develop its B2B division toward the end of last year, finalizing a deal with Malta-based Realm Entertainment and setting up a software development company in India.

Launched in 2002 in both Swedish and English, Betsson today offers sportsbook, casino, live casino, poker, bingo, scratch card and other games sites with services in at least 18 different European languages.

See also

US Sports Gambling States Break September Revenue Records

April Marks New Gambling Revenue Record For New Jersey

Delaware Announces Record Online Gambling Revenue for August 2020

New Jersey Online Gambling Revenue Hits Record-High in December 2016

New Jersey Posts Record Revenue in March 2015

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