Quarterly report pursuant to Section 13 or 15(d)

18. Revenues

v3.23.1
18. Revenues
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
18. Revenues

18. Revenues

 

The following table represents disaggregated revenues from our gaming operations for the three months ended March 31, 2023 and 2022. 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, Service Revenues is revenue invoiced for our Elys software service and royalties invoiced for the sale of virtual products. 

                 
   

For the three months ended

March 31,
    2023   2022
Handle (Turnover)                
Web-based   $ 199,923,035     $ 215,780,282  
Land-based     8,568,521       1,785,107  
Total Handle (Turnover)     208,491,556       217,565,389  
                 
Winnings/Payouts                
Web-based     186,131,151       200,853,821  
Land-based     6,765,964       1,400,413  
Total Winnings/Payouts     192,897,115       202,254,234  
                 
Gross Gaming Revenues                
Web-based     13,791,884       14,926,461  
Land-based     1,802,557       384,694  
Total Gross Gaming Revenues     15,594,441       15,311,155  
                 
Less: ADM Gaming Taxes     (3,739,751 )     (3,730,830 )
Net Gaming Revenues     11,854,690       11,580,325  
Add: Service Revenues     577,456       655,661  
Revenues   $ 12,432,146     $ 12,235,986