iGaming operator's betting handle came in at $423.2 million for the full year, up 82% year-over-year. Gross gaming revenue spiked 34% to $35.7 million.Rivalry, the leading sportsbook and iGaming operator for Gen Z, reported impressive performance when it announced its 2023 financial statements Wednesday.
“We have a business with revenue distribution across casino, sports, and esports betting, growing market share in new geographies, with increased velocity in core regions, and the strongest customer KPIs in Rivalry’s history,” co-founder and CEO Steven Salz said in a letter to shareholders. The traditional sports betting segment grew 60% in 2023, which helped to strengthen the company’s diverse offering that now includes fantasy, additional sports coverage, and new proprietary casino games. Salz stated “the year ahead is rife with new, innovative product releases arriving in Q2 and continuing throughout 2024.”