Ahead of its annual general meeting, Paddy Power has reported that its online revenue so far this year has been strong and ahead of expectations.

It is reported that Paddy Power’s online channel (excluding Australia) saw sportsbook stakes increase by 19 per cent year-on-year following a 39 per cent rise in bet volumes, with gross gaming win increasing 32 per cent as a result of additional direct investment in games, casino and bingo as well as the strength of the sportsbook.