GAN today announced the release of quarterly key performance indicators for the second quarter of 2019, highlighting continued YoY growth reflecting high demand for internet sports betting and casino cross-selling from Internet sports bettors into internet casino gaming in New Jersey.

Gross Operator Revenue, which comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 128.3% year-over-year and -7.3% quarter-over-quarter to $54.8 million.  This change was driven by strong growth in real money regulated gambling in the US.

Active Player-Days at 4.8 million is an increase of 52% year-over-year and decline of -9.9% quarter over quarter.

Dermot Smurfit, CEO of GAN commented: “The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients.

The rapid rate at which States continued to legalize Internet gambling in Q2 continues to validate our confidence in the U.S. market opportunity and the seasonality in Q2 was both anticipated and exaggerated by U.S. Internet sports betting.