Paddy Power revealed that they have an increase of 21% for gross win year on year between January 1st and May 15th. Their annual general meeting took place in Dublin this morning and their sportsbook amounts staked increased by 14% whilst gross win for their non-Australian sportsbook went up 60% year on year.
A significant result is that amounts staked via their mobile product increased 298% for the same period – this is due to the release of their iPhone and iPad apps in late 2010.
Paddy Power also has a high street presence in the UK with over 200 betting shops – gross win was down 10% but this was due to a ‘record’ 2010. In terms of their gaming business on PaddyPower.com, gross win was up 26% year on year (this includes the casino).
All in all, Paddy Power’s popularity is increasing due to their great products, superb customer service and frequent player promotions. To read our in-depth review of Paddy Power Casino, click here.