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How high can the PointsBet (ASX:PBH) share price climb?



Two men at the races looking at ticket after having placed a bet

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The Pointsbet Holdings Ltd (ASX: PBH) share price was a reasonably positive performer on Thursday.

The sports betting company’s shares rose slightly to end the day at $13.50.

This means the PointsBet share price is now up 14% since the start of the year and has more than doubled over the last 12 months.

Why did the PointsBet share price pushing higher?

Investors were buying the company’s shares yesterday after it announced a 10-year agreement with The Riverboat on-the-Potomac to provide online and retail sports wagering in the state of Maryland.

PointsBet USA CEO, Johnny Aitken, commented: “With terrific partners in The Riverboat on-the-Potomac, PointsBet is thrilled to begin the process…

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