PointsBet

PointsBet is an Australian-founded online sportsbook and racing betting brand that now operates mainly in Australia and Ontario, Canada, after exiting the United States market. Its Australian and Canadian businesses operate under separate regulatory frameworks, so the product range, promotions and account conditions differ depending on where a bettor signs up.

PointsBet operates under regulated gambling frameworks in both current markets: Australian operations are licensed by the Northern Territory Racing & Wagering Commission, while Ontario operations are registered with the Alcohol and Gaming Commission of Ontario and operate under the conduct and management framework of iGaming Ontario. No current PointsBet product operates in the US, since its US business was acquired by Fanatics Betting and Gaming in 2024.

PointsBet’s betting markets and features differ by country. PointsBet Australia offers sports and racing betting with tools such as Same Game Multi and Bet Tracker but no online casino, while PointsBet Ontario combines a sportsbook with a regulated online casino. Sign-up promotions, wagering requirements and bonus structures also vary between the two jurisdictions.

Payment methods, withdrawal speeds and mobile app access at PointsBet depend on the player’s country. Cashier options, verification procedures and processing times differ between Australia and Ontario, making it important to check the local terms before depositing or requesting a withdrawal.

This ClickZen review breaks down what PointsBet actually offers, starting with what the brand is, whether it operates legitimately in each market, and how the Australian and Ontario platforms compare in practice.

What Is PointsBet?

PointsBet is an online sportsbook and racing bookmaker founded in Australia in 2017, now also operating a regulated online casino alongside sports betting in Ontario, Canada. The brand started as an Australia-focused wagering operator before expanding into North America, where its Ontario operation added casino products alongside sports betting.

PointsBet is not a global bookmaker; its primary current markets are Australia and Ontario. In Australia, PointsBet functions as a sportsbook and racing bookmaker, since Australian law prohibits licensed wagering operators from offering interactive online casino games such as online slots to Australian customers. In Ontario, the brand operates under a different regulatory structure that includes both sportsbook and casino products, giving Ontario players access to slots, live dealer tables and other casino games that Australian users cannot access. The PointsBet experience, product range and regulatory framework therefore depend on the market from which a bettor signs up.

Is PointsBet Licensed and Legit?

Yes, PointsBet operates legitimately under regulated gambling frameworks in its two current markets, Australia and Ontario. The operating entities and regulatory structures differ between the two jurisdictions, while the corporate parent is controlled by MIXI through its majority interest in PointsBet Holdings Limited.

In Australia, PointsBet Australia Pty Limited (ACN 606 814 920) holds a wagering licence from the Northern Territory Racing & Wagering Commission. In Ontario, PointsBet Canada Operations 1 Inc. is registered with the Alcohol and Gaming Commission of Ontario and operates within the iGaming Ontario regulated market for both sports betting and casino products. At the corporate level, MIXI Australia Pty Ltd, a wholly owned subsidiary of MIXI, Inc., acquired a 66.43% majority interest in PointsBet Holdings Limited in 2025, giving MIXI control of the group.

Which Regulator Covers PointsBet in Australia?

The Northern Territory Racing & Wagering Commission regulates PointsBet in Australia, licensing PointsBet Australia Pty Limited as a domestic wagering operator. This licence legally authorises the company to accept sports and racing bets electronically from Australian customers.

The Northern Territory licensing framework is widely used by Australian-facing corporate bookmakers and places PointsBet within Australia’s domestic wagering regulatory system rather than under an offshore gambling licence. The operator must comply with relevant Australian wagering legislation, responsible gambling requirements and the applicable Northern Territory codes and rules.

Australian gambling law also affects the products PointsBet can provide. Online casino games cannot legally be offered to Australian customers under the same model available in Ontario, while online in-play sports betting is subject to significant restrictions under federal law.

Which Regulator Covers PointsBet in Ontario?

The Alcohol and Gaming Commission of Ontario regulates PointsBet’s Ontario operation, while PointsBet Canada Operations 1 Inc. operates within the market conducted and managed by iGaming Ontario. This framework is separate from the Northern Territory licensing system governing PointsBet Australia.

By 2026, iGaming Ontario lists PointsBet Canada Operations 1 Inc. for both casino and sports betting products, confirming that the Ontario operation is authorised to provide both verticals rather than sportsbook alone.

The minimum age to use PointsBet in Ontario is 19+, compared with 18+ in Australia. Ontario customers also must be physically located within the province when gambling, with geolocation controls used to enforce this requirement.

Does PointsBet Still Operate in the United States?

No, PointsBet no longer operates in the United States, since Fanatics Betting and Gaming completed the acquisition of its US sportsbook and casino business in 2024. Former PointsBet US operations subsequently transitioned to the Fanatics brand.

The transaction covered PointsBet’s US sports wagering operations, US iGaming operations, advance-deposit wagering business, Banach Technology and a licence to use PointsBet’s proprietary betting technology. Fanatics Betting and Gaming completed the acquisition of PointsBet’s US business for a headline purchase price of US$225 million on April 3, 2024.

Former PointsBet US customers were migrated to Fanatics Sportsbook and Fanatics Casino following the transaction. Content published in 2026 therefore should not describe PointsBet as an active US sportsbook or present its former US state licences as current PointsBet operations.

PointsBet Australia vs PointsBet Ontario: What’s the Difference?

PointsBet Australia and PointsBet Ontario differ mainly in product range and regulatory structure: Australia provides sports and racing wagering, while Ontario combines a sportsbook with a regulated online casino. They also operate through separate legal entities, have different minimum-age requirements and use different promotional and payment systems.

The main differences include:

• Licensing and regulation: PointsBet Australia Pty Limited is licensed by the Northern Territory Racing & Wagering Commission, while PointsBet Canada Operations 1 Inc. is registered with the AGCO and operates within the iGaming Ontario market.
• Product scope: Australia focuses on sports, horse racing, greyhound racing and harness racing, while Ontario provides both sportsbook and casino products.
• Legal restrictions: Australian law prohibits licensed operators from offering interactive online casino games to Australian customers and restricts online in-play sports betting, while Ontario permits regulated live sports betting and online casino gaming.
• Minimum age: Australia applies an 18+ requirement, while Ontario applies a 19+ requirement.
• Welcome offers: Australia does not advertise a universal public sign-up bonus, while Ontario currently provides separate sportsbook and casino sign-up promotions.

What Betting Markets and Sports Does PointsBet Australia Offer?

PointsBet Australia offers sports and racing betting, covering major competitions in AFL, NRL, soccer, basketball, American football, tennis and cricket alongside horse, greyhound and harness racing. Online casino games are not part of the Australian PointsBet product.

Key betting tools and products include:

• Same Game Multi, allowing multiple eligible selections from one event to be combined into a single wager.
• Multi Builder and other multi-bet tools available on supported events.
• Bet Tracker features for following active bets and event progress.
• Fixed-odds and other supported racing markets covering horse, greyhound and harness racing.

Online in-play sports wagering remains restricted under Australian law, so live betting works differently from Ontario and other markets where full online in-play wagering is permitted. This keeps PointsBet Australia positioned primarily as a sportsbook and racing bookmaker rather than a combined sportsbook-and-casino platform.

What Betting and Casino Products Does PointsBet Offer in Ontario?

PointsBet Ontario combines a sportsbook with an online casino, offering betting on leagues such as the NHL, NBA, NFL and MLB alongside slots, live casino games, blackjack, roulette and other table games. This broader product range distinguishes Ontario from PointsBet’s sports-and-racing-focused Australian operation.

Sportsbook features may include:

• Same Game Parlays combining multiple eligible selections from one event.
• Cash Out on supported wagers.
• Profit boosts and other promotional betting tools.
• Pick’em and other promotional products when available.

The casino operates as part of PointsBet’s regulated Ontario offering and includes slots, live dealer games and table games. Sportsbook and casino promotions may operate under separate terms even though both products can be accessed through the same PointsBet Ontario account.

What Are the Current PointsBet Welcome Offers?

PointsBet’s welcome offers vary by market and product: Ontario currently advertises separate sportsbook and casino sign-up promotions, while Australia does not advertise a universal public sign-up bonus due to local rules restricting inducements to open wagering accounts. Promotional terms can change, so bettors should confirm the live conditions before registering or depositing.

What Is the PointsBet Ontario Sportsbook Welcome Offer?

The current PointsBet Ontario WELCOMEDM sportsbook promotion provides a 100% first-deposit match up to CAD $250 through Deposit Match tokens, with a 4x playthrough requirement. The promotion is intended for eligible new sportsbook customers who register using the qualifying WELCOMEDM code.

After an eligible first deposit, PointsBet provides Deposit Match tokens corresponding to the qualifying matched amount, up to the CAD $250 cap. Bettors then use the Deposit Match tokens while placing qualifying cash bets to progress through the promotion’s playthrough requirement.

The WELCOMEDM promotion does not directly award the matched amount as Bonus Bets. Deposit Match tokens are used to track and redeem the promotion as qualifying sportsbook wagers are placed, with progress available through the Rewards section of the account.

Because bonus structures and promotional codes can change, customers should check the current PointsBet Ontario promotion page and complete terms immediately before registering or depositing.

What Is the PointsBet Ontario Casino Welcome Offer?

The current PointsBet Ontario casino welcome offer provides a 125% first-deposit match up to CAD $500 in Casino Bonus for eligible customers using the CASINO promotion. It operates separately from the sportsbook WELCOMEDM promotion.

A minimum first deposit of CAD $10 is required to qualify. The casino promotion carries a 15x playthrough requirement, and the bonus must satisfy that requirement within the first 14 days after acceptance.

PointsBet explains that casino deposit-match promotions convert the qualifying deposited funds into Casino Bonus and then add the applicable promotional bonus. Casino Bonus cannot be withdrawn or used for sports betting while the playthrough conditions remain outstanding.

Customers should review eligible-game contributions and all current promotion conditions before accepting the bonus because wagering requirements, excluded games and promotional values may change.

Does PointsBet Australia Offer a Sign-Up Bonus?

PointsBet Australia does not advertise a universal public sign-up bonus comparable to the Ontario welcome offers, because Australian rules restrict wagering providers from offering certain inducements to encourage people to open betting accounts. This restriction applies broadly to Australian wagering operators rather than only to PointsBet.

PointsBet may make promotions or rewards available to eligible existing customers from time to time. Depending on the current campaign, promotional products may include Bonus Bets, racing offers, sports promotions, rewards or payback-style incentives.

These should not be presented as a guaranteed Australian sign-up bonus. Availability can change by customer, event and campaign, so bettors should check their account and the current PointsBet Australia promotions section for live offers and eligibility conditions.

What Payment Methods Does PointsBet Support?

PointsBet uses different cashier methods in Australia and Ontario. Australia supports options including debit cards, PayID, PayTo, Apple Pay and Google Pay, while Ontario supports methods including Interac, Trustly Online Banking, PayPal and Apple Pay for eligible deposits. Withdrawal methods and processing times also differ between markets.

How Do You Deposit and Withdraw on PointsBet Australia?

PointsBet Australia supports deposits through methods including eligible debit cards, PayID, PayTo, Apple Pay and Google Pay, while withdrawals are generally sent to the customer’s verified bank account. Credit-card deposits are no longer accepted by Australian licensed wagering providers, and PointsBet does not offer cryptocurrency as a standard cashier method.

PayID deposits usually process quickly. Returning users may see funds arrive within approximately 1–5 minutes, although first-time transactions can sometimes require additional bank security checks. PayTo is also designed for rapid bank-account deposits once the customer’s payment agreement has been authorised.

PointsBet states that first withdrawals may take approximately six hours, while subsequent withdrawals commonly arrive within around 30 minutes. However, some withdrawals can take up to 24 hours because of compliance checks, additional verification requirements or banking delays.

The minimum Australian withdrawal is AUD $5. Deposits and withdrawals must also comply with account-holder verification rules, and third-party payment methods are not permitted.

How Do You Deposit and Withdraw on PointsBet Ontario?

PointsBet Ontario supports several mainstream payment options, including Interac E-Transfer, Trustly Online Banking and PayPal, while Apple Pay is also available as a deposit option on supported devices. Cryptocurrency is not listed as a standard PointsBet Ontario cashier method.

Interac E-Transfer lets customers fund their account through a supported Canadian financial institution. Trustly Online Banking allows deposits to be authorised through online banking credentials, while PayPal can be used when the customer’s PayPal account is funded through an eligible bank account or PayPal balance. Apple Pay is available for deposits on compatible devices and account configurations.

For withdrawals, PointsBet Ontario currently lists Interac E-Transfer, Trustly Online Banking and PayPal. All withdrawals are subject to a standard processing period of up to one business day before the payment-method-specific transfer period begins.

After processing, PointsBet states that Interac withdrawals generally take around 1–2 hours, Trustly Online Banking around 1–2 business days and PayPal around 30 minutes. Actual delivery can vary depending on banking, verification and account circumstances.

Third-party withdrawals are not permitted, so withdrawal details must belong to the registered PointsBet account holder.

Is PointsBet Available on Mobile?

Yes, PointsBet provides mobile apps for both Australia and Ontario, with iOS and Android access available in each market. The functions inside each app differ because the Australian product focuses on sports and racing, while the Ontario app combines sportsbook and casino access.

In Australia, PointsBet provides a dedicated mobile betting app for sports and racing customers, with versions available for supported Apple and Android devices. Mobile features include access to betting markets, account management and bet-tracking functionality.

In Ontario, PointsBet’s iOS and Android apps are listed as PointsBet Sportsbook & Casino, allowing eligible customers to access sportsbook markets as well as the regulated casino through the mobile platform.

The exact mobile features available can differ by operating system, app version and jurisdiction, so users should obtain the app through the official PointsBet download page or the appropriate official app store listing.

What Else Should Bettors Know About PointsBet’s Background?

PointsBet’s background includes three additional factors worth considering: its controlling ownership under MIXI, the technology supporting its wagering products, and regulatory compliance actions recorded in Australia and Ontario. These factors provide additional context beyond the core product and licensing comparison.

Who Owns PointsBet in 2026?

MIXI, Inc. controls PointsBet in 2026 through its wholly owned subsidiary MIXI Australia Pty Ltd, which acquired a 66.43% majority interest in PointsBet Holdings Limited through the 2025 takeover.

MIXI’s September 2025 takeover resulted in the acquisition of 230,893,535 PointsBet shares, representing approximately 66.4% of voting rights at completion. PointsBet’s annual reporting for the period ended March 31, 2026 also describes MIXI Australia as holding a 66.43% majority interest and MIXI, Inc. as the group’s controlling entity.

PointsBet therefore should be described as MIXI-controlled rather than as a wholly owned MIXI business or an independently controlled bookmaker.

Has PointsBet Faced Any Regulatory Compliance Issues?

Yes, PointsBet has faced regulatory compliance actions in both Australia and Ontario. The incidents involve separate matters relating to marketing rules, responsible gambling controls and suspicious-betting reporting.

Key regulatory actions include:

• Australia, 2025: The Australian Communications and Media Authority announced that PointsBet paid an AUD $500,800 penalty following breaches involving spam requirements and customers registered with BetStop, Australia’s national self-exclusion register. The regulator also identified issues involving required unsubscribe or contact information and delays associated with some excluded accounts.
• Ontario, 2023: The Alcohol and Gaming Commission of Ontario imposed CAD $150,000 in monetary penalties on PointsBet Canada Operations 1 Inc. for breaches of responsible gambling and player-protection standards.
• Ontario, 2026: In February 2026, the AGCO issued a Notice of Proposed Order seeking a five-day suspension of PointsBet’s registration in connection with the operator’s handling and reporting of suspicious betting activity related to former NBA player Jontay Porter.

The February 2026 action was announced as a proposed suspension rather than a final suspension in the original AGCO enforcement notice. PointsBet Canada Operations 1 Inc. remained listed by iGaming Ontario as an authorised sports betting and casino operator as of August 2026.

Conclusion

PointsBet remains a regulated sportsbook brand operating primarily in Australia and Ontario, with two substantially different products under the same name. Australia provides sports and racing wagering under the Northern Territory regulatory framework, while Ontario combines sports betting with an online casino under the AGCO and iGaming Ontario framework. The brand no longer operates its former US sportsbook business after the 2024 Fanatics transaction, and its corporate group is now controlled by MIXI through a 66.43% majority interest. Because welcome offers, cashier options and other account conditions can change, bettors should confirm the current terms on the official PointsBet website for their jurisdiction before registering, depositing or accepting a promotion.

Zorvan Hale

Zorvan Hale is a Betting & Casino Analyst at ClickZen with over eight years of experience. He provides objective reviews of global betting platforms, focusing on withdrawal terms, KYC processes, and real user experience to help you make informed and safer betting decisions.