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PointsBet (ASX:PBH) launches online operations in Ohio

ASX News, Consumer Discretionary
ASX:PBH      MCAP $148.1M
03 January 2023 08:24 (AEST)

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PointsBet Holdings’ (PBH) subsidiary has launched online sports betting operations in the state of Ohio.

PointsBet Ohio’s move marks the company’s fourteenth online sports betting operation in the United States. It follows successful launches in Indiana, Michigan, New York, Kansas and, most recently, Maryland.

“We are thrilled to have officially launched our mobile sports betting product on the starting line in Ohio,” PointsBet USA CEO Johnny Aitken said.

“We look forward to delivering the ‘Buckeye State’ with new ways to enjoy their favourite sports through our market-leading app and expansive suite of Lightning Bet markets, especially with the NFL Playoffs and CFP National Championship commencing in just a few short weeks.”

The corporate bookmaker’s operations currently cover Australia, the US, Canada and Ireland.

Users are allowed to access the company’s scalable, cloud-based wagering platform for sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming.

Shares in PointsBet last traded at $1.49 on December 30.   

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