| Revenues |
16. Revenues
The following table represents disaggregated
revenues from our gaming operations for the years ended December 31, 2018 and 2017. Handle (turnover) represents the total bets
processed for the period.
| For the Year Ended December 31, |
|
2018 |
|
2017 |
| |
|
|
|
|
| Handle (Turnover) |
|
|
|
|
| Handle web-based |
|
$ |
235,891,170 |
|
|
$ |
106,785,302 |
|
| Handle land-based |
|
|
177,334,592 |
|
|
|
111,734,469 |
|
| Total Handle (Turnover) |
|
$ |
413,225,762 |
|
|
$ |
218,519,771 |
|
| |
|
|
|
|
|
|
|
|
| Winnings/Payouts |
|
|
|
|
|
|
|
|
| Winnings web-based |
|
|
223,064,978 |
|
|
|
100,860,085 |
|
| Winnings land-based |
|
|
152,446,130 |
|
|
|
94,201,786 |
|
| Total Winnings/Payouts |
|
|
375,511,108 |
|
|
|
195,061,871 |
|
| |
|
|
|
|
|
|
|
|
| Gross Gaming Revenues |
|
$ |
37,714,654 |
|
|
$ |
23,457,900 |
|
| |
|
|
|
|
|
|
|
|
| Less: ADM Gaming Taxes |
|
|
3,417,150 |
|
|
|
1,761,935 |
|
| |
|
|
|
|
|
|
|
|
| Net Gaming Revenues |
|
$ |
34,297,504 |
|
|
$ |
21,695,965 |
|
| Add: Commission Revenues |
|
|
135,957 |
|
|
|
281,285 |
|
| Add: Service Revenues |
|
|
141,636 |
|
|
|
887,896 |
|
| Revenues |
|
$ |
34,575,097 |
|
|
$ |
22,865,146 |
|
|