Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.8.0.1
Revenues
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Revenues

17. Revenues

 

The following table sets forth the breakdown of net gaming revenues:

 

 

    Three Months Ended   Nine Months Ended
    September 30,
2017
  September 30,
2016
  September 30,
2017
  September 30,
2016
Turnover                
Turnover web-based   $ 22,033,214     $ 22,220,704     $ 78,282,283     $ 73,886,726  
Turnover land-based     26,093,287       2,712,309       72,135,336       6,043,047  
Total Turnover   $ 48,126,501     $ 24,933,013     $ 150,417,619     $ 79,929,773  
                                 
Winnings/Payouts                                
Winnings web-based     20,947,833       20,904,633       74,233,981       69,170,147  
Winnings land-based     21,914,946       2,019,550       62,860,944       4,729,448  
Total Winnings/payouts     42,862,779       22,924,183       137,094,925       73,899,595  
                                 
Gross Gaming Revenues     5,263,722     $ 2,008,830     $ 13,322,694     $ 6,030,178  
                                 
Less: ADM Gaming Taxes     334,647       407,190       1,159,858       1,235,285  
Net Gaming Revenues   $ 4,929,075     $ 1,601,640       12,162,836     $ 4,794,893  
Add: Commission Revenues     55,086       772,833       218,585       852,424  
Add: Service Revenues     136,858       232,197       709,222       232,197  
Total Revenues   $ 5,121,019     $ 2,606,670     $ 13,090,643     $ 5,879,514  

 

Turnover represents the total bets processed for the period.