Quarterly report pursuant to Section 13 or 15(d)

20. Revenues

v3.21.2
20. Revenues
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
20. Revenues

20. Revenues

 

The following table represents disaggregated revenues from our gaming operations for the three months and nine months ended September 30, 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, and taxes due to government authorities, while Service Revenues is revenue invoiced for our Elys software service and royalties invoiced for the sale of virtual products. 

                                 
    Three Months Ended   Nine Months Ended
    September 30, 2021   September 30, 2020   September 30, 2021   September 30, 2020
Turnover                
Turnover web-based   $ 162,471,799     $ 117,879,687     $ 613,678,568     $ 300,111,151  
Turnover land-based     1,193,778       25,823,099       13,237,738       53,635,357  
Total Turnover     163,665,577       143,702,786       626,916,306       353,746,508  
                                 
Winnings/Payouts                                
Winnings web-based     152,328,198       110,841,093       572,975,466       281,541,363  
Winnings land-based     1,031,217       21,495,660       11,362,524       43,286,978  
Total Winnings/payouts     153,359,415       132,336,753       584,337,990       324,828,341  
                                 
Gross Gaming Revenues     10,306,162       11,366,033       42,578,316       28,918,167  
                                 
Less: ADM Gaming Taxes     2,515,570       1,698,192       9,129,881       4,294,680  
Net Gaming Revenues     7,790,592       9,667,841       33,448,435       24,623,487  
                                 
Service Revenues     239,490       33,955       428,924       58,752  
Revenue   $ 8,030,082     $ 9,701,796     $ 33,877,359     $ 24,682,239