How it is calculated
The GGR formula is straightforward:
GGR = total wagered − total paid out in prizes
An example with round numbers: if the players of an operation wagered R$ 100,000 in a month and the house paid out R$ 92,000 in prizes, the GGR for the period is R$ 100,000 − R$ 92,000 = R$ 8,000. That figure is not yet profit — it is only the gross result of the gaming, before any operating deduction.
Are GGR and NGR the same thing?
No. GGR is the starting point; NGR (Net Gaming Revenue) is what remains after deducting the costs directly tied to that revenue.
| Metric | What it represents | Formula |
|---|---|---|
| GGR | Gross gaming revenue | Total wagered − prizes paid |
| NGR | Net gaming revenue | GGR − bonuses − affiliate commissions − payment fees − revenue share |
A high GGR paired with a low NGR usually signals that the operation is spending too much on bonuses or acquisition to sustain that betting volume.
Why GGR matters to the operator
GGR is the metric most used to size an operation, because it directly reflects the betting volume and the base of active players. It is also on GGR that much of the revenue share charged to the operator under a white-label platform contract is calculated — which is why the calculation base (whether it is on GGR or on NGR) is usually one of the most important points to spell out in the contract.
Even so, GGR alone does not tell you whether the operation is financially healthy. It has to be read together with NGR and with the final margin, which already accounts for taxes and general expenses. In Brazil, regulated by Law No. 14,790/2023 and overseen by the SPA/Ministry of Finance, taxation falls on gaming revenue — which reinforces the importance of tracking GGR as the base for the rest of the operation's financial calculation.