Annual report pursuant to Section 13 and 15(d)

Revenues

v3.21.1
Revenues
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Revenues

19. Revenues

 

The following table represents disaggregated revenues from our gaming operations for the years ended December 31, 2020 and 2019. Net Gaming Revenues represents Turnover (also referred to as “Handle”), the total bets processed for the period, less customer winnings paid out, commissions paid to agents, and taxes due to government authorities, while Commission Revenues represents commissions on lotto ticket sales and Service Revenues is revenue invoiced for our Elys software service and royalties invoiced for the sale of virtual products.

 

    For the Year Ended December 31,
    2020   2019
Handle (Turnover)        
Handle web-based   $ 505,369,803     $ 328,385,837  
Handle land-based     68,888,592       125,747,337  
Total Handle (Turnover)   $ 574,258,395     $ 454,133,174  
                 
Winnings/Payouts                
Winnings web-based     473,794,175       309,214,993  
Winnings land-based     56,467,865       105,011,619  
Total Winnings/Payouts     530,262,040       414,226,612  
                 
Gross Gaming Revenues   $ 43,996,355     $ 39,906,562  
                 
Less: ADM Gaming Taxes     6,874,752       4,697,085  
                 
Net Gaming Revenues   $ 37,121,603     $ 35,209,477  
Betting platform software and services     144,764       373,654  
Revenues   $ 37,266,367     $ 35,583,131