US sports betting pushes revenue up at GAN in Q3
Online betting and gaming technology provider GAN has said that stronger-than-expected demand for its sports betting services in the US helped to drive gross operator revenue up 202.7% year-on-year during the third quarter.
For the three months to September 30, 2019, gross operator revenue amounted to $80.9m (£65.8m/€74.3m) according to an initial trading update released by GAN. This is significantly up on $26.7m in Q3 of last year and $54.8m in Q2 of this year.
Gross operator revenue comprises the sum of revenue from GAN’s Simulated Gaming business, as well as gross gaming revenue from real money regulated gaming and gross sports win from real money regulated sports betting.
Although GAN did not publish full figures for each area of its business, it did note that the increase in gross operator revenue was driven by strong growth in real money regulated gambling in the US.