| 17. Revenues |
17. Revenues
The following table represents disaggregated revenues from our gaming operations for the three and six months ended June 30, 2022 and
2021. 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 |
|
Six Months Ended |
| |
|
June 30, 2022
|
|
June 30,
2021
|
|
June 30, 2022
|
|
June 30,
2021
|
| Turnover |
|
|
|
|
|
|
|
|
| Web-based |
|
$ |
186,441,824 |
|
|
$ |
219,874,610 |
|
|
$ |
402,222,106 |
|
|
$ |
451,206,769 |
|
| Land-based |
|
|
1,818,081 |
|
|
|
218,129 |
|
|
|
3,603,188 |
|
|
|
12,043,959 |
|
| Total Turnover |
|
|
188,259,905 |
|
|
|
220,092,739 |
|
|
|
405,825,294 |
|
|
|
463,250,728 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Winnings/Payouts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Web-based |
|
|
173,924,052 |
|
|
|
205,048,852 |
|
|
|
374,777,873 |
|
|
|
420,647,267 |
|
| Land-based |
|
|
1,557,874 |
|
|
|
166,369 |
|
|
|
2,958,287 |
|
|
|
10,331,307 |
|
| Total Winnings/payouts |
|
|
175,481,926 |
|
|
|
205,215,221 |
|
|
|
377,736,160 |
|
|
|
430,978,574 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross Gaming Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Web-Based |
|
|
12,517,772 |
|
|
|
14,825,758 |
|
|
|
27,444,233 |
|
|
|
30,559,502 |
|
| Land-Based |
|
|
260,207 |
|
|
|
51,760 |
|
|
|
644,901 |
|
|
|
1,712,652 |
|
| Gross Gaming Revenues |
|
|
12,777,979 |
|
|
|
14,877,518 |
|
|
|
28,089,134 |
|
|
|
32,272,154 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Gaming Taxes |
|
|
3,117,380 |
|
|
|
3,285,273 |
|
|
|
6,848,210 |
|
|
|
6,614,311 |
|
| Net Gaming Revenues |
|
|
9,660,599 |
|
|
|
11,592,245 |
|
|
|
21,240,924 |
|
|
|
25,657,843 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Betting platform and services |
|
|
687,136 |
|
|
|
97,704 |
|
|
|
1,342,797 |
|
|
|
189,434 |
|
| Revenue |
|
$ |
10,347,735 |
|
|
$ |
11,689,949 |
|
|
$ |
22,583,721 |
|
|
$ |
25,847,277 |
|
|