Tax bill ruins bet-at-home’s 2019 financials

2019 would have been a pretty ho-hum year for bet-at-home, but unexepected tax bills changed that. The company released its yearly financial report on March 9, keen to note they had reached their highest betting and gaming volume in the history of the company, surpassing €3.2 billion.

They also reported gross betting and gaming revenue reaching €143.3 million, which was just short of the €143.4 million in gross betting and gaming revenue for 2018. This gave the company a ‘static corporate performance’ for 2019.

There were additional positive numbers for the company. Net betting and game revenue increased by 2% over 2018, going from €115.1 million to a total of €117.5 million.

However, some numbers declined. Betting fees and gaming levees decreased slightly from €21 million to a total of €20.9 million, while EBITDA went from €36.2 million down to €35.2 million this last year.