The leading Polish sports betting operator reported 26% increase in net gaming revenue for the second quarter of 2023A businessman pointing to an arrow going up, symbolizing financial grow.
Ahead of the finalization of the acquisition by Entain, STS Group, the leading Polish sportsbook operator, released a new trading update, outlining the strong growth of the company for the second quarter of 2023. For Q2 of this year, the recorded amount of stakes hit PLN 1.103 billion ($278 million). This result, when compared to the PLN 1.066 billion ($268.6 million) result from the second quarter of last year, marked an increase of 3%.
When it comes to net gaming revenue (NGR), STS reported significant growth. For Q2 in 2022, NGR reported by the company was PLN 135 million ($34 million). In contrast, NGR for the second quarter of this year hit PLN 170 million ($42.8 million), a result that marks a solid growth of 26% year-over-year.
Ahead of the finalization of the acquisition by Entain, STS Group, the leading Polish sportsbook operator, released a new trading update, outlining the strong growth of the company for the second quarter of 2023. For Q2 of this year, the recorded amount of stakes hit PLN 1.103 billion ($278 million). This result, when compared to the PLN 1.066 billion ($268.6 million) result from the second quarter of last year, marked an increase of 3%.
When it comes to net gaming revenue (NGR), STS reported significant growth. For Q2 in 2022, NGR reported by the company was PLN 135 million ($34 million). In contrast, NGR for the second quarter of this year hit PLN 170 million ($42.8 million), a result that marks a solid growth of 26% year-over-year.