Search by ticker code:
Generic filters

Pointsbet (ASX:PBH) share price rises on US win

The Pointsbet (ASX: PBH) share price is up this morning after announcing another US win.

Pointsbet is a bookmaker with operations in Australia and the US.

Another US win

Pointsbet is winning partnerships with professional US sports teams. Today, it announced an agreement with the Indiana Pacers from the National Basketball Association (NBA) to be an official sports gaming partner.

The bookmaker’s branding will be displayed along the out-of-bounds space between the baseline and the team bench. This is the first time a sports betting operator will occupy that space.

Pointsbet signage will also be displayed throughout the Pacers’ home area Fieldhouse. Pointsbet will also have a presence on the Pacers’ digital platforms.

Pointsbet US CEO Johnny Aitken said: “Indiana represents a massive opportunity for Pointsbet, and we will take a heavily localized approach to ensure we are delivering the best overall customer experience Indiana sports fans and bettors are seeking. 

We are very very excited to bolster our presence within the Hoosier State and surrounding areas, as well as to Indiana Pacers fans around the globe via this unique partnership, working collaboratively with a first-class organization.”


This seams like another good win for Pointsbet. There are a lot of other sports teams it could win over the coming months. So it could become an important part of sports betting in the US, but I don’t know what the right price to pay for Pointsbet shares is when its medium term outlook is determined by how many partners it can win. There are other ASX growth shares with international growth I’d rather buy, such as Bubs (ASX: BUB).

[ls_content_block id=”14948″ para=”paragraphs”]

FREE & NEW: Our Complete Passive Income Strategy

With interest rates UP, now is one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% -- or more -- in dividend passive income from the best shares, LICs, or ETFs... it's like free money credited to your bank account.

So how do the best investors do it?

Whether you have $2,000 or $2,000,000, our Chief Investment Analyst Owen Rask has just released his brand new ASX Passive Income Report. Featuring the best dividend ETFs, LICs, funds and shares, this report cannot be missed by anyone wanting passive income in 2022 and 2023.

You can INSTANTLY access Owen's report -- or get it emailed to you -- for FREE by CLICKING HERE NOW or the button below.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.