Gambling.com Corners the NJ Sports Betting Affiliate Market
SBC News reports that Stockholm-based Gambling.com reported a strong 1st quarter in the New Jersey online sports betting market.
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Publishing its Q1 2019 trading update (period ending 31 March), Gambling.com details growth across all core business metrics, as revenues total €5.2 million (Q1 2018: €3.4m).
Detailing strong ‘organic growth’, Gambling.com reports a period increase in new-depositing-customers (NDC) to 26,500 (Q1 2018: 16,000), as the Stockholm enterprise posts a 76% increase in group EBITDA to €1.75 million (Q1 2018: €900,000).
Gambling.com continues to experience growth despite market adjustments in its home country of Sweden.
“The Group delivered yet another record quarter. Revenue grew 52% to EUR 5.24 million compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75 million.” – details Charles Gillespie, Chief Executive of Gambling.com.
Affiliates must be licensed to operate in the Garden State, however, a handful of well-funded afffiliate marketing firms like Gambling.com and Catena Media (LegalSportsReport) were able to gain a foothold here early. Those affiliates looking to do business in New Jersey must also remove all offshore sportsbook and casino advertisements and tracking links. The current CPA for those promoting the state's licensed online casinos is over 600, according to Gambling911.com sources.
- Aaron Goldstein, Gambling911.com
