Online gambling was officially legalized in Colombia in 2016
In 2023, online gambling will be officially legal in PIGO, the Philippines
In 2024, the Brazilian President signed a presidential decree to legalize online gambling
According to data from PASA, the No. 1 get-rich-quick industry platform, gambling has been officially legalized in more than 100 countries around the world, and a large number of countries are still discussing the legalization process. In the face of the global trend of legalizing gambling, it is necessary to understand what GGR is. This is an important indicator for regulators to collect taxes from bookmakers.
Calculation method
The GGR calculation formula is as follows:
GGR = total bet amount − bonus paid to players
For example, if a player bets a total of $1 million at a casino and the casino pays out $600,000 in bonuses, the casino's GGR will be $400,000.
importance
GGR is a key metric for measuring the health and profitability of the gambling industry. It not only reflects an operator's revenue but can also be used to assess market trends and formulate tax policy and regulatory strategies.
Example
According to a report from PAGCOR (Philippine Amusement and Gaming Corporation), in the first quarter of 2024, the Philippines’ GGR reached 8.17 billion pesos (approximately US$1.42 billion), a year-on-year increase of 18.54%.
use
Regulation: Government agencies use GGR data to collect taxes and regulate the gambling industry.
Investing: Investors and analysts use GGR to assess the financial health of gambling companies.
Management: Gambling operators use GGR to develop business strategies and budgets.
GGR is an important financial metric in the gambling industry and is widely used in different analysis and decision-making processes.
