Internet Gambling Win Increased 64% from Prior Year Monthly Period
LONDON–(BUSINESS WIRE)–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 February 12, 2020, by New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of January 2020 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $55.1 million in January, compared to $33.6 million in the prior year period, reflecting a year-over-year increase of 64.0%.
- Total Internet Sports Wagering Handle(1) was approximately $471.1 million for the month of January, compared to:
- $488.9 million for the month of December 2019;
- $486.8 million for the month of November 2019; and
- $417.0 million for the month of October 2019.
- Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of January were $46.7 million, compared to $15.5 million in January 2019, reflecting a year-over-year increase of 200.4%, and is further comparable to:
- $25.5 million for the month of December 2019;
- $27.8 million for the month of November 2019; and
- $38.7 million for the month of October 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.
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.
GAN is listed on the London Stock Exchange (LSE: GAN).
For more information please visit www.GAN.com.
Contacts
GAN
Jack Wielebinski
Head of Investor Relations
+1 214 799 4660
jwielebinski@GAN.com
US Investors: The Equity Group
Adam Prior
aprior@equityny.com
+1 212 371 8660
Carolyne Sohn
csohn@equityny.com
+1 415 568 2255
UK & Ireland Investors: Newgate Communications
Adam Lloyd
Giles Croot
GAN@Newgatecomms.com
+44 (0) 20 3757 6880
Davy (Nominated Adviser and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363
Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000