Sportsbet is an online gambling company owned by Flutter Entertainment. It targets the Australian market and is licensed as a corporate bookmaker under the Racing and Betting Act 1993. The company’s website is licensed by the Northern Territory Government. It offers online gambling in Australian sports and horse racing, as well as a range of other games. It is one of the biggest and most popular sports betting sites in the world. It has an impressive selection of betting markets and offers a variety of betting options.
While Sportsbet’s homepage can be a bit overwhelming for first-timers, it becomes less daunting once you enter the various markets. There’s always a betslip on display when you’re making a wager, and you can check on your active bets and pending bets in one convenient location. However, Australian legislation has banned sign-up incentives. However, Sportsbet’s website does offer daily promotions.
The company has a long history of supporting sports teams, including Premier League football club Arsenal FC. It also has official partnerships with Southampton FC and Sao Paulo Futebol Clube in Serie A. The company’s sponsorship of Sao Paulo has helped it consolidate its status as the club’s biggest master sponsor. The team is a three-time World champion, Libertadores champion and Brasileirao champion, with five of them being powered by Sportsbet.
In 2018, Sportsbet reported an underlying profit of approximately AU$215 million, with revenues exceeding AU$740 million. Despite this, the company was forced to pay nearly AU$40 million in consumption tax. AHA argues that sports betting outfits do not contribute enough to the country’s economy, because the money that they make isn’t spent on coverage. This is why sports bets are so popular in Australia.