The Canadian sportsbook and iGaming operator started the year off hot, drawing $218 million in wagers in the quarter ending March 31.
NorthStar Gaming Holdings Inc. released its financial results for the first quarter of 2024, reporting significant gains.
The Ontario-based company owns and operates NorthStar Bets, which launched in the Ontario sports betting market in May 2022. The platform collected $218 million in total wagers during the first quarter of 2024, which is a record for the period and a 56% year-over-year increase compared to Q1 2023’s $140.2 million handle.
Gross gaming revenue also enjoyed a substantial spike with Q1’s $7 million representing a 59% YoY increase over the $4.4 million in Q1 2023. “In the first quarter we continued our pattern of strong year-over-year growth, highlighted by record total wagers. Our premium customer experience and growing brand awareness are propelling higher player retention, strengthened loyalty and increased player values," said Michael Moskowitz, chair and CEO of NorthStar.
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