Internet Gambling Win Increased 84% from Prior Year Monthly Period

London & Dublin - October 16, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on October 15, 2019, by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of September 2019 in New Jersey. 

Highlights from the DGE include:

·    Internet Gaming Win was $41.1 million in September compared to $25.8 million in the prior year period, reflecting a year-over-year increase of 59.6%.

·    Total Internet Sports Wagering Handle⁽¹⁾ was approximately $374.2 million for the month of September, compared to:

-    $249.2 million for the month of August 2019;

-    $213.0 million for the month of July 2019; and

-    $226.7 million for the month of June 2019.

·    Internet Sports Wagering Gross Revenues⁽²⁾ (after payouts) for the month of September were $29.4 million, compared to $12.6 million in September 2018, reflecting a year-over-year increase of 134.0% and is further comparable to:

o  $19.2 million for the month of August 2019;

o  $13.9 million for the month of July 2019; and

o  $6.9 million for the month of June 2019.

(1)   Gross amount of money accepted in wagers

(2)   Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.