Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.21.1
Revenues
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenues

18. Revenues

 

The following table represents disaggregated revenues from our gaming operations for the three months ended March 31, 2021 and 2020. 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.

 

    Three Months Ended March 31,
    2021   2020
Turnover        
Web-based   $ 231,332,159     $ 92,376,106  
Land-based     11,825,830       23,602,084  
Total Turnover     243,157,989       115,978,190  
                 
Winnings/Payouts                
Web-based     215,598,415       86,095,623  
Land-based     10,164,937       18,191,402  
Total Winnings/payouts     225,763,352       104,287,025  
                 
Gross Gaming Revenues                
Web-based     15,733,744       6,280,483  
Land-based     1,660,893       5,410,682  
Gross Gaming Revenues   $ 17,394,637     $ 11,691,165  
                 
Less: ADM Gaming Taxes     (3,329,038 )     (1,530,795 )
Net Gaming Revenues   $ 14,065,599     $ 10,160,370  
                 
Betting platform software and services     91,729       9,804  
Revenue   $ 14,157,328     $ 10,170,174