GAN hails US growth as Q2 client revenue soars

1 August 2019

Online betting and gaming technology provider GAN has cited ongoing growth in the US sports betting and igaming markets as the main driver of a 128.3% year-on-year increase in revenue during the second quarter.

Gross operator revenue, which includes real-money igaming and sports betting, as well Simulated Gaming, amounted to $54.8m (£45.2m/€49.6m) in the three months to 30 June. This was a significant improvement on the $24.0m generated in the corresponding period last year but down 7.3% on the first quarter of 2019.

GAN ‘s average revenue per active player day has rocketed from from $7.66 in Q2 of 2018 to $11.52 in the most recent quarter. This is also up 2.86% on $11.20 recorded in the first quarter.

GAN also noted a 20.50% year-on-year increase in active player days, with this climbing from 3,133,054 last year to 4,761,209. However, this is down 7.28% on a quarter-on-quarter basis, compared to 5,281,235 in Q1.

Read the full story on iGB North America.