theScore generates record betting handle but posts negative GGR in Q3
| By Richard Mulligan
Score Media and Gaming recorded its strongest betting handle month to date, but recorded an operating loss of more than CAD$22m (USD$17.6m/£12.7m/€14.9m) during the third quarter, with negative gaming revenue.
In a trading update, Toronto-based theScore, which offers sports news and scores as well as betting in North America, said it brought in total revenue of C$6.4m in the three months to 31 May. Media revenue via its theScore app of C$8.9m was partially offset by negative net gaming revenue via its theScore Bet app of C$2.5m.
Gaming handle was C$73.0m, with March seeing its highest-ever handle for a single month of C$30.8m across the four US states where it is operational: New Jersey, Colorado, Indiana and Iowa.