Online betting is a profitable business
Does online betting make money?
We sometimes get asked how prosperous the existing online betting companies are. In fact, the rewards can be huge and the market is growing globally. Take a look at details available in the published accounts of some of the larger online betting companies and sportsbooks.
We would add the disclaimer that none of the companies listed below are clients of WBTsoftware:
Unibet: Results for the first three months only of 2009 showing an 87% increase in profits after tax to £9.96 million.
Betsson: Stockholm online gambling group Betsson's results for the first three months only of 2009 showing a 38% increase in revenues to $39.14 million
Party Gaming: Results for the first three months only of 2009 show revenues of $100.1 million.
William Hill Bookmaker: 2008 results show 6% rise in net revenues to £963.7 million. Net revenues from online operations rose 13% to £125.1 million.