NorthStar Gaming has announced that the final quarter of the Canadian fiscal year marked its best performance to date. Preliminary results, shared on Tuesday, indicate that total wagers for Northstar Bets in Q4 are projected to reach approximately $303 million, reflecting a 42% increase compared to Q4 of 2023-24. Gross gaming revenue is expected to grow by 31.6%, reaching about $10 million, while the company’s gross margin is forecasted to surge 76% to $4.4 million.
For the full fiscal year, NorthStar anticipates a 51% rise in wagers, totaling $980 million, and a 51% increase in revenue, which is expected to hit $34 million. The company also forecasts a 76% growth in gross margin for both the year and the quarter.
“We ended the year with the strongest quarter in our history,” said Chairman and CEO Michael Moskowitz. “In 2024, our efforts were concentrated on product innovation and enhancing the customer experience. These initiatives are clearly paying off, as evidenced by our business growth. Our record gross margins show how our business model is driving operational efficiency as we scale.”
NorthStar operates out of Toronto, offering one website for Ontario residents and another nationwide, owned and operated by the Conseil des Abénakis de Wôlinak, and licensed by the Kahnawake Gaming Commission.
