BlueBet logo. Source: BlueBet

BlueBet Reports Strong Q3 FY2024 Performance Amid Betr Acquisition

BlueBet witnessed a robust 26.1% year-on-year increase in turnover during the third quarter of FY2024, coinciding with the commencement of its acquisition of Matt Tripp's Betr. Total revenue surged to $98.5 million, attributed to enhancements across BlueBet's sports betting, horse racing, and greyhound racing segments.

Notably, revenues in Australia alone soared to A$139.6 million, marking a notable 17.2% uptick. BlueBet attributed this growth to substantial increases in sports and greyhound betting. Turnover reached $32.3 million, reflecting a substantial 48% surge from the third quarter of 2022.

The release of third-quarter results comes on the heels of BlueBet's confirmation of the impending acquisition of Betr, the bookmaker established by Matt Tripp. The acquisition, set to be finalized by July 1, is anticipated to further bolster BlueBet's position in the market.

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