BlueBet continued its positive momentum and delivered a strong performance in Q4 FY22,
delivering turnover of $126.7 million, up 31.3% vs. the PCP and Net Win of $12.8 million, up
27.3% vs. the PCP.

Gross Win Margin increased 0.3 percentage points with the slight decline in Net Win Margin to 10.1% the result of increased promotional activity in Q4. Net Win Margin remained at a healthy 10.7% for FY22 (up 0.4pp vs. the PCP). The strong Net Win Margin reinforces BlueBet’s mobile-first strategy and the capability of its trading team.

As at 30 June 2022, BlueBet had 53,328 active customers, a 64.2% increase on the PCP.
Importantly the quality of these Active Customers is reinforced with the average Annual Customer Value holding above $1,000 providing a 2.7x return on our marketing investment to acquire these customers.

During the quarter, BlueBet announced that its wholly owned subsidiary BlueBet Indiana LLC
signed a market access agreement with Caesars Entertainment, Inc., the largest casino entertainment company in the US. The agreement is BlueBet’s fourth market access agreement in the US and enables BlueBet to conduct B2C online sportsbook operations in Indiana under its recently announced B2C brand, ClutchBet (pending completion of regulatory approval and licencing).