Online Gambling Ggr

The pan-European lottery operator, Sazka Group, in its third quarter report, reveals GGR up 66 per cent to €769m.

It also announced that post-tax profit was down 33 per cent to €48m, impacted by the €54m restructuring provision at Casinos Austria.

For the nine months GGR was up four per cent to €1.4bn, but excluding Casinos Austria it decreased by 18 per cent due to the impact of Covid-19. Post-tax profit for the nine months fell 58 per cent to €90m.

Online Gambling Growth

Online Gambling Growth Rate

Gross gaming revenue or GGR is one of the main financial indicators. You can calculate this KPI using a simple formula: from the sum of all bets subtract the sum of all winnings. Thus, you get the data on the online casino revenue excluding the expenses for the resource itself. Gross Gaming Revenue (GGR) is the amount wagered minus the winnings returned to players, a true measure of the economic value of gambling. GGR is the figure used to determine what a casino or other gaming operation earns before taxes, salaries and other expenses are paid. GGR is the equivalent of “sales” not “profit”. LEGAL US ONLINE GAMBLING GUIDE Gambling online is quickly becoming the way to place a bet. More Americans are turning to their mobile devices and laptops to play their favorite slots, poker games or bet on sports online.

CEO Robert Chvatal said: “All of our businesses traded well in Q3 as lockdown measures were eased and online sales remained high. The swift return to normalised trading in the markets and channels that were more affected by restrictions in the first-half demonstrates the resilient underlying demand for our products as well as the agility of our teams across the regions.”

He said that online sales had enjoyed strong momentum and the group was making progress in the restructuring of the Austrian casinos aiming to deliver around€45m of annual cost savings.