The Vanity of
GGR Reporting.
In regulated iGaming, Gross Gaming Revenue (GGR) is a metric that hides structural leakage. We model Tax-Adjusted Yield—the only metric that defines institutional survivability.
The NGR Leakage Vector
Many operators scale acquisition based on top-line GGR projections, failing to account for the jurisdictional delta. In markets like Pennsylvania (54% slot tax) or Brazil (12% GGR tax + municipal levies), the operational floor is significantly higher than most boards realize.
Our methodology focuses on Realized Player Equity. This accounts for:
- • Direct Gaming Tax: Applied before bonus deductions in many territories.
- • Variable Platform Fees: Revenue share agreements that ignore tax liabilities.
- • Payment Orchestration Costs: Gateway leakage from inefficient routing.
Strategic Diagnostic
Boards that optimize for NGR yield rather than GGR volume recover an average of 18-24% in margin during the first 12 months of regulation.
Audit Your P&L LogicBoard-Level Veracity
We provide the technical due diligence required to identify where your P&L is leaking equity. We move the conversation from "How much did we bet?" to "How much did we keep?".
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