NeoGames second-quarter revenue surges 98%
NeoGames second quarter revenues and the company’s share in NPI revenues was $62.0 million , compared to $31.3 million during the second quarter of 2022, representing a 98.2% increase from the prior year, reflecting primarily the business combination with Aspire Global as well as continued growth in each of the company’s business lines.
iLottery revenues were $13.8 million during the second quarter of 2023, compared to $12.8 million during the second quarter of 2022, representing an increase of 7.9% year-over-year. In addition, the Company’s share in NPI revenues was $14.1 million during the second quarter of 2023, compared to $10.3 million during the second quarter of 2022, representing an increase of 37.9% year-over-year.
iGaming revenues were $34.2 million for the second quarter of 2023 and reflect accounting for the majority of Aspire Core revenues on a net basis compared to historical figures which were prepared on a gross basis, prompted by new commercial terms in certain Aspire Core contracts which went into effect on January 1, 2023. If iGaming revenues had been accounted for on a gross basis for the Aspire Core, total revenue would have been $56.8 million for iGaming, which would have reflected 7.5% year-over-year growth when measured in reporting currency.
Moti Malul, Chief Executive Officer of NeoGames, said: “We are very pleased with the achievements and partnerships that defined and drove our second quarter results. Our continued commitment to innovation and excellence has paved the way for expansion across various global markets, with progress during the second quarter of 2023 across all of our business lines, including BtoBet, Pariplay, Aspire Core, as well as NeoPollard Interactive. The agreements we signed with our iLottery customers and new notable iGaming entities, such as AGLC, the Virginia Lottery, SunBet, PlayLive! and Metropolitan Gaming demonstrate the trust and confidence our partners place in our cutting-edge solutions.
Furthermore, securing our iGaming license for slot games in Germany represented a significant milestone, reaffirming our position as a leader in the European regulated online gaming industry. This commitment to deliver world-class gaming experiences was further demonstrated by our partnership with Lotteries Entertainment Innovation Alliance, to provide content to prominent European lotteries in France, Denmark, Norway, Sweden and Finland.”
“We are excited about the future and the potential it holds for our company’s continued success. We continue taking steps towards completing our merger with Aristocrat Gaming, which we expect to be completed during the first half of fiscal year 2024,” Malul stated. “In the meantime, we remain dedicated to elevating the iGaming landscape, capitalizing on opportunities, and executing on our strategic goals for all stakeholders.”