PointsBet’s Ontario casino handle rose 21% to C$592.9 million between April 1 and September 30, 2026, while sports handle fell 32%. The company released the figures on October 30. Its Alberta launch remains a target, pending regulatory approvals.

More casino wagering did not prevent PointsBet’s Canadian operating loss from widening.

Casino gains, sports decline

Handle is the total amount wagered before winnings or losses are counted. It is not revenue or net win. PointsBet reported these Ontario figures for the six-month period:

  • Casino handle: C$592.9 million, up 21%.
  • Sports handle: C$83.4 million, down 32% from C$121.9 million.
  • Casino net win: C$15.0 million, up 9% from C$13.7 million.
  • Sports net win: C$5.7 million, down 11%.

PointsBet said steady activity among mass-market sports bettors was offset by churn among a small number of high-staking clients during the first quarter of the reporting period.

Higher costs offset growth

Canadian Gaming Business reported that PointsBet’s Canadian operations were in Ontario during the period. The company’s results show that casino wagering made up most of its Ontario handle, but handle growth alone does not show whether the business became more profitable.

PointsBet’s statutory Canadian segment loss before interest, tax, depreciation and amortisation widened to C$6.7 million from C$3.7 million a year earlier. Marketing costs also rose:

  • Marketing costs: C$9.0 million, up 28%.
  • Statutory segment loss: C$6.7 million, compared with C$3.7 million.

Alberta is still awaiting approval

PointsBet says it remains on track to offer online sports betting and casino in Alberta in 2026. Its October 30 presentation lists regulatory approvals and going live as next steps. The date is a company target, not confirmation that its services are available in the province.

An Alberta launch would give PointsBet a second provincial market in Canada. The next test is whether it can complete approvals and turn its Ontario growth into stronger results across both provinces.