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Operator economics · Margin

From GGR to NGR — where the money goes

Set your gross gaming revenue and the usual deductions. See NGR, affiliate cost and the net margin an operator actually keeps.

Inputs

Stakes minus wins paid out, before any bonuses or costs. Enter it for any period — every result is in that same period.

20%

Deposit bonuses, free spins, cashback — as a share of GGR.

2%

Disputed payments and fraud write-offs.

6%

Blended PSP and cashier fees.

10%

Turnover or GGR-based gaming duty in your licence GEO.

After NGR

25%

Blended affiliate revenue share, applied to NGR.

12%

Provider royalties and platform revenue share, as a share of GGR.

Result

NGR
Net gaming margin

A simplified model. Real deals differ: some affiliate contracts deduct tax or an admin fee before revenue share, content fees are sometimes taken before NGR, and fixed opex (salaries, licensing, hosting) is not included here. Use it to size the shape of the margin, not as an accounting figure.

Frequently asked questions

What is the difference between GGR and NGR?
GGR is stakes minus wins paid out. NGR is GGR minus bonuses, chargebacks, payment fees and gaming tax — the revenue an affiliate's RevShare is usually calculated on.
What is a typical NGR margin for a casino?
After bonuses, chargebacks, payment fees and tax, NGR is commonly 55–70% of GGR. After affiliate commission and content fees, the operator's net margin is often 25–40% of GGR.
Does this model include fixed costs?
No. It stops at gross margin. Salaries, licensing, hosting and marketing come out of that margin and are not modelled here.