Annual report pursuant to Section 13 and 15(d)

20. Revenues

v3.22.1
20. Revenues
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
20. Revenues

20. Revenues

 

The following table represents disaggregated revenues from our gaming operations for the years ended December 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.

 

                 
    For the Year Ended December 31,
    2021   2020
Handle (Turnover)        
Handle web-based   $ 826,789,619     $ 505,369,803  
Handle land-based     15,071,218       68,888,592  
Total Handle (Turnover)     841,860,837       574,258,395  
                 
Winnings/Payouts                
Winnings web-based     771,852,252       473,794,175  
Winnings land-based     12,842,577       56,467,865  
Total Winnings/Payouts     784,694,829       530,262,040  
                 
Gross Gaming Revenues     57,166,008       43,996,355  
                 
Less: ADM Gaming Taxes     12,657,930       6,874,752  
                 
Net Gaming Revenues     44,508,078       37,121,603  
Betting platform software and services     1,038,713       144,764  
Revenues   $ 45,546,791     $ 37,266,367