| 17. Revenues |
17. Revenues
The following table represents
disaggregated revenues from our gaming operations for the three and six months ended June 30, 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 June 30,
|
|
For the Six Months ended June 30, |
| |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
| Handle (Turnover) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Web-based |
|
$ |
205,491,902 |
|
|
$ |
186,441,824 |
|
|
$ |
405,414,937 |
|
|
$ |
402,222,106 |
|
| Land-based |
|
|
9,221,129 |
|
|
|
1,818,081 |
|
|
|
17,789,650 |
|
|
|
3,603,188 |
|
| Total Handle (Turnover) |
|
|
214,713,031 |
|
|
|
188,259,905 |
|
|
|
423,204,587 |
|
|
|
405,825,294 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Winnings/Payouts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Web-based |
|
|
192,967,680 |
|
|
|
173,924,052 |
|
|
|
379,098,831 |
|
|
|
374,777,873 |
|
| Land-based |
|
|
7,663,671 |
|
|
|
1,557,874 |
|
|
|
14,429,635 |
|
|
|
2,958,287 |
|
| Total Winnings/Payouts |
|
|
200,631,351 |
|
|
|
175,481,925 |
|
|
|
393,528,465 |
|
|
|
377,736,160 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross Gaming Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Web-based |
|
|
12,524,222 |
|
|
|
12,517,772 |
|
|
|
26,316,106 |
|
|
|
27,444,233 |
|
| Land-based |
|
|
1,557,458 |
|
|
|
260,207 |
|
|
|
3,360,015 |
|
|
|
644,901 |
|
| Total Gross Gaming Revenues |
|
|
14,081,680 |
|
|
|
12,777,979 |
|
|
|
29,676,121 |
|
|
|
28,089,134 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: ADM Gaming Taxes |
|
|
(3,381,599 |
) |
|
|
(3,117,380 |
) |
|
|
(7,121,350 |
) |
|
|
(6,848,210 |
) |
| Net Gaming Revenues |
|
|
10,700,081 |
|
|
|
9,660,599 |
|
|
|
22,554,771 |
|
|
|
21,240,925 |
|
| Add: Service Revenues |
|
|
636,560 |
|
|
|
687,136 |
|
|
|
1,214,016 |
|
|
|
1,342,796 |
|
| Revenues |
|
$ |
11,336,641 |
|
|
$ |
10,347,735 |
|
|
$ |
23,768,787 |
|
|
$ |
22,583,721 |
|
|