Quarterly report pursuant to Section 13 or 15(d)

17. Revenues

v3.22.2.2
17. Revenues
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
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. 

 

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