GAN Limited has updated the market following the publication on June 16 by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for May 2020 in Pennsylvania.
Internet Gaming Win was $55.8 million in May, reflecting an increase of 29.7% from the prior sequential month. Total Internet Sports Wagering Handle was approximately $77.5 million for the month of May, up 68.4% from the prior sequential month despite the continued suspension/cancellation of most sporting events during the global COVID-19 pandemic. Internet Sports Wagering Gross Revenues (after payouts) for the month of May were $5.9 million, compares to $3.2 million in April.
Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.