| 17. Revenues |
17. Revenues
The following table represents
disaggregated revenues from our gaming operations for the three and nine months ended September
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.
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For the Three Months ended September 30,
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For the Nine Months ended September 30,
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2023 |
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2022 |
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2023 |
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2022 |
| Handle (Turnover) |
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| Web-based |
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$ |
155,827,524 |
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$ |
163,563,603 |
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$ |
561,242,461 |
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$ |
565,785,709 |
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| Land-based |
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6,742,498 |
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2,924,866 |
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24,532,148 |
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6,528,054 |
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| Total Handle (Turnover) |
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162,570,022 |
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166,488,469 |
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585,774,609 |
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572,313,763 |
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| Winnings/Payouts |
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| Web-based |
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146,425,497 |
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152,545,450 |
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525,524,328 |
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527,323,323 |
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| Land-based |
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5,556,267 |
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2,208,100 |
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19,985,902 |
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5,166,387 |
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| Total Winnings/Payouts |
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151,981,764 |
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154,753,550 |
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545,510,230 |
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532,489,710 |
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| Gross Gaming Revenues |
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| Web-based |
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9,402,027 |
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11,018,153 |
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35,718,133 |
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38,462,386 |
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| Land-based |
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1,186,231 |
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716,766 |
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4,546,246 |
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1,361,667 |
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| Total Gross Gaming Revenues |
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10,588,258 |
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11,734,919 |
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40,264,379 |
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39,824,053 |
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| Less: ADM Gaming Taxes |
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(2,567,470 |
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(2,822,830 |
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(9,688,820 |
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(9,671,040 |
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| Net Gaming Revenues |
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8,020,788 |
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8,912,089 |
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30,575,559 |
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30,153,013 |
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| Add: Service Revenues |
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443,803 |
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679,202 |
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1,657,820 |
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2,022,002 |
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| Revenues |
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$ |
8,464,591 |
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$ |
9,591,294 |
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$ |
32,233,378 |
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$ |
32,175,015 |
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