GAN hails US growth as Q2 client revenue soars

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.