Gross gaming revenue (GGR) is a key ____ used by gambling and betting companies. It represents the ____ between the amount wagered minus the amount won. GGR margin ____ gross gaming revenue as a ____ of the amount wagered. It is not atypical for gambling and betting companies to report a ____ of sales of zero. The ____ for calculating gross gaming revenue is the following: GGR= ____ wagered- winning ____ ; where amount ____ refers to the amount of money ____ from gambling and/or betting transactions and winning payouts refers to the amount of money that’s been ____ out to customers for winning. Gross gaming revenue (GGR) margin is ____ with gross gaming revenue as a ____ of the amount wagered. Typically, the GGR margin is ____, with slight deviations due to a player’s skill/luck. A ____ GGR margin is always desirable, as it ____ that the company is retaining more money ____ to the amount of wagers made. Anticipating legalization of online sports ____ in the United States, John is looking to start an online gambling and betting website. Due to having ____ capital, he is initially only able to ____ one type of game on his website. John looked into other companies and compiled the information below. Assuming that the ____ for each game will be the same on his website (as in, the total wagered will be identical), which type of game would generate John the highest revenue? To determine which type of ____ would generate John the highest revenue, we can ____ the GGR margin of each. Sports betting: ($1,523,123 – $1,324,214 / $1,523,123) = 13.06% Casino games: ($950,123 – $877,656 / $950,123) = 7.63% Sports betting offers a higher GGR margin and would, therefore, ____ a greater amount of revenue for John.

Gaming Vocabulary

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