GAN has released its performance indicators for the final quarter of 2019. In its report, GAN has said that the sustained growth in the gambling markets in New Jersey and Pennsylvania and increased demand for sports betting in Indiana have led to increased gross operator revenue.
In its quarterly report, the GAN reveals key performance indicators including active player days, average revenue per active player-day and gross operator revenue.
GAN report says that the gross operator revenue jumped 189.1 percent year over year in Q4 2019. The boost came with a 49.3 percent increase in quarterly revenues to $120.8 million.
The increase in gross operator revenue has been attributed to the growth in real money regulated gambling following the legalization of sports betting and more and more US states offering online gambling sports betting products.
The report also finds that the number of unique active gamblers was an estimated nine million. The figure represents a 94.8 percent year over year increase and a 65.7 percent quarterly increase.
Commenting on the release, of the key performance indicatorsDermot Smurfit, CEO of Gan, said: “Continued year on year growth rate experienced in Q4 demonstrates our platform technology’s ability to scale successfully for our diverse clients of real money US internet gambling, simulated gaming as well as our long-standing Italian clients.
“The fourth quarter benefited from strong seasonal demand during the American Football NFL season; cross-selling of US sports bettors to internet casino gaming in the states of New Jersey and Pennsylvania and the launch of internet sports betting in the state of Indiana.”
Sports gambling market in the US is expanding and since the US Supreme court lifted a decade-long ban on sports gambling back in 2018, there have been 20 US states that have legalized sports betting and 13 have launched sports gambling in the country.
The latest to launch sports betting is new Hampshire which saw sportsbook launching on December 31.