Bet365’s Sports Betting Revenue Falls In Latest Yearly Report

Bet365's revenue grew from $3.35 billion in 2021 to $ 3.41 billion by 2022. Its profits fell from $545 million in the previous cycle to  $60 million. The company expanded its marking in several countries, including the U.S. and Canada. It also invested in technology to introduce new golf visuals, a bet builder, and increased bet boost offerings.

Bet365's revenue fell by $1.2 million. The company's staff increased from 5,442 to 6,092. Denise Coates, CEO, took a 16.5% pay cut. She still earned $257.6 million from March 2021 to March 2022.

Bet365 is focusing on enhancing its trading online platform and refining its product. The company is also committed to delivering a safe environment for its customers. Revenue for the next cycle is expected to rise as branding and technology take off. World Cup should help bet365 earn back some of the sports betting profits lost from the previous year.