NeoGames technology-driven provider of end-to-end iLottery and iGaming solutions, announced financial results for the fourth quarter and year ended December 31, 2022.

The total revenues and the company’s share in NPI revenues was $83.2 million during the fourth quarter of 2022 compared to $21.3 million during the fourth quarter of 2021, representing a 291% increase from the prior year, reflecting the business combination with Aspire Global.  

Revenues were $69.2 million during the fourth quarter of 2022, compared to $12.3 million during the fourth quarter of 2021. In addition, the company’s share in NPI revenues was $14.0 million during the fourth quarter of 2022, compared to $9.0 million during the fourth quarter of 2021, representing an increase of 54.4% year-over-year.

NeoGames’ iLottery revenue plus the Company’s share of NPI revenues during the quarter was $28.4 million, a quarterly record, up 33.4% from a year ago, and up 16.9% from the prior quarter.

Aspire Global revenue was $54.8 million for the fourth quarter, reflecting 27.0% growth as measured in constant currency, offset by a 14.6% decrease caused by the impact of foreign currency exchange rates resulting in a 12.4% growth as reported in U.S. dollars.

Moti Malul, Chief Executive Officer of NeoGames, said: “We are proud of the tremendous progress we made during 2022, further solidifying our iLottery leadership position in a continually expanding market. A record year in iLottery was punctuated with another record quarter. In addition, we made some truly transformational strides advancing our strategic goals.

We significantly evolved our business through our acquisition of Aspire Global, expanding beyond our position as a leader in global iLottery solutions, and propelling us to becoming a global leader in providing technology and content solutions across iLottery, online sport betting and iGaming.

Our results underscore the advantage of our ability to serve customers on an integrated basis, whether they need solutions for iLottery, online sports betting, iGaming, or any combination of services. We ended the year growing our iLottery revenue by 33% during the fourth quarter, and our iGaming revenue by 27% as measured on a constant currency pro forma basis from the prior year. During 2022, we grew revenue across all business lines and we believe that we remain well-positioned to continue to deliver profitable growth into 2023 and beyond.”