| 17. Revenues |
17. Revenues
The following
table represents disaggregated revenues from our gaming operations for the three months and nine months ended September 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.
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Three Months Ended |
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Nine Months Ended |
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September 30, 2022 |
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September 30, 2021 |
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September 30, 2022 |
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September 30, 2021 |
| Turnover |
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| Turnover web-based |
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$ |
163,563,603 |
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$ |
162,471,799 |
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$ |
565,785,709 |
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$ |
613,678,568 |
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| Turnover land-based |
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2,924,866 |
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1,193,778 |
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6,528,054 |
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13,237,738 |
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| Total Turnover |
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166,488,469 |
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163,665,577 |
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572,313,763 |
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626,916,306 |
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| Winnings/Payouts |
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| Winnings web-based |
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152,545,450 |
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152,328,198 |
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527,323,323 |
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572,975,466 |
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| Winnings land-based |
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2,208,100 |
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1,031,217 |
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5,166,387 |
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11,362,524 |
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| Total Winnings/payouts |
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154,753,550 |
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153,359,415 |
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532,489,710 |
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584,337,990 |
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| Gross Gaming Revenues |
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11,734,919 |
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10,306,162 |
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39,824,053 |
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42,578,316 |
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| Less: ADM Gaming Taxes |
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2,822,830 |
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2,515,570 |
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9,671,040 |
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9,129,881 |
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| Net Gaming Revenues |
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8,912,089 |
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7,790,592 |
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30,153,013 |
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33,448,435 |
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| Service Revenues |
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679,205 |
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239,490 |
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2,022,002 |
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428,924 |
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| Revenue |
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$ |
9,591,294 |
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$ |
8,030,082 |
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$ |
32,175,015 |
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$ |
33,877,359 |
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