What is the difference between overall gambling turnover and gross gaming revenue?

[Julio88]

It seems that overall gambling turnover refers to the total amount of bets placed by customers, while Gross Gaming Revenue (GGR) is the total amount of money earned by the casino after paying out winnings to customers. In other words, GGR is the difference between the total amount of bets placed by customers and the winnings paid out to customers. This metric is used by gambling and betting companies as a key performance indicator to measure their profitability. Overall gambling turnover is not a metric used by casinos to measure their revenue or profitability, but is instead a measure of the total amount of betting activity taking place within the casino.

 

[CR7]

That is correct. Overall gambling turnover is a measure of the total amount of money that is wagered by customers on gambling activities such as slot machines, table games or sports betting. This figure is often used by industry analysts to track the size of the overall gambling market, and can be broken down into various categories such as casino gambling, online gambling and sports betting.

On the other hand, GGR is a financial metric that focuses on the amount of money that a gambling operator earns after paying out winnings to customers. This figure is important for casinos because it reflects their net revenue and profitability. GGR can be calculated by subtracting the total amount of payouts made to customers from the total amount of money wagered by customers.

It's worth noting that some countries and jurisdictions have different definitions and regulations regarding these terms, so it's important to understand the specific context in which they are being used.

 

[Crazy_winner]

The computation of overall gambling turnover is adding up all bets placed over a certain time period, which could be a day, week, month, or year. To calculate gross gaming revenue, subtract total winnings given to players from total bets placed.

 

[mosesdera]

There's an old saying in this business: the house always wins. Turnover shows how much action there is but big numbers don't mean much if the losses are piling up. With GGR, you can see clearly if the casino is actually coming out on top after the players have had their chances. Monitoring that revenue figure close is the surest way for management to know if their strategies are working as intended and the money is flowing in the right direction.