theScore reports record $81.6m gaming handle for Q2

Operator theScore has reported its financial results for the three and six months ended February 28, 2021, with its financial year slightly different to the conventional calendar.

In that period the brand's total gaming handle increased 491% year-over-year and reached a record $81.6m for the quarter.

Handle was up 46% compared to Q1 2021 and, for the second quarter, New Jersey gaming handle had grown 195% year-over-year.

Media revenue for the company had also increased 17% year-over-year to $8m, which again is another record for the second quarter.

In March theScore entered the Illinois market, after reaching an agreement with Caesers Entertainment, and become the official betting operator of the PGA Tour; the company become the Tour’s first official betting operator in Canada.

Audience metrics also showed record figures, as in the second quarter user sessions rose by8% year-over-year to 488 million, with users opening its app an average of 125 times a month.

On social media theScore gained around 88 million views across its social platforms and reached 186.5 million views on its esports platform.

John Levy, chairman and CEO of theScore, said: “Our unique combination of media and betting is a powerful differentiator in a growing marketplace. We intend to leverage our position as the only digital sports media company in North America that operates a sports betting platform to further grow our US business and capture meaningful market share in Canada when the market opens.

“With our fully integrated sports media and betting experience and technology focus, we are perfectly positioned to efficiently acquire and engage new customers, while driving strong customer loyalty and attractive margins; which will help drive the long-term enhancement of shareholder value.”

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