The term Net Gaming Revenue (NGR) denotes the actual revenue retained by an iGaming operator after deducting all direct operational costs from the Gross Gaming Revenue (GGR). These mandatory deductions typically include player winnings, promotional bonuses, gaming taxes, licensing fees, payment processing charges, and affiliate commissions. From a regulatory and financial perspective, NGR serves as a critical performance indicator of a company’s true profitability and fiscal health, as it represents the funds genuinely available for reinvestment or profit distribution. Unlike GGR, which functions as a top-line metric for total wagers minus winnings, NGR provides a realistic accounting of the expenses required to acquire and retain players. Under standard gaming protocols, NGR is the primary metric utilized for board reporting, EBITDA forecasting, and calculating revenue-share payments for affiliates.
