- Internet Gaming Win was $84.9 million in June, compared to $38.1 million in the prior year period, reflecting a year-over-year increase of 123.1%.
- Total Internet Sports Wagering Handle(1) was approximately $165.0 million for the month of June, up 40.1% from the prior sequential month despite the continued suspension/cancellation of most sporting events during the global COVID-19 pandemic. This compares to:
- $117.8 million for the month of May 2020;
- $54.6 million for the month of April 2020; and
- $163.4 million for the month of March 2020, which was partially affected by the pandemic.
- Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of June were $12.8 million, compared to $6.9 million in June 2019, and is further comparable to:
- $10.1 million for the month of May 2020;
- $2.7 million for the month of April 2020; and
- $13.3 million for the month of March 2020.
(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 |
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.