Published
OnlineFinancialIndustry

GAN attributes revenue rise to US sports betting demand

GameAccount Network (GAN) has reported gross operator revenue of $121.5m for the four-month period ending 31 Oct, an increase of 222% year-on-year.

ganresults

The supplier delivered revenue of $40.6m to its clients last month, up 269% from 2018.

GAN attributed the rise in revenue to the high demand for internet gambling in both New Jersey and Pennsylvania, following the launch of the NFL season in September.

Performance was also improved by the cross-selling of online sports bettors to online casino gaming in both states.

Last month, the supplier also launched in Indiana after expanding its deal with FanDuel.

GAN’s Q3 results were released last month, showing revenue growth of 203% to $80.9m and a rise in active player days to $5.4m, an increase of 59%.

Dermot Smurfit, GAN CEO, said: "We are pleased the ramp up in real money internet gambling is accelerating ahead of our budgeted expectations in Pennsylvania and New Jersey, particularly since the start of the American football season in early September.

"Given the rapid increase in the total addressable market for the US internet gambling operators and their infrastructure providers such as GAN, we expect to see continued and rapid growth."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...