How is net revenue calculated?
For service levels billed on a percentage of Net Revenue, it is important to understand how this is calculated. MBA follows industry guidelines for Net Revenue, which is defined as Gross Revenue (all revenue posted during the reporting month) minus all refunds posted during the current month minus monies received from a collection agency.
For Sportsbook and Casino wagers, net revenue is calculated as gross revenue less chargebacks, complimentary money, free money offers and other incentives offered to the customer. For poker, net revenue is calculated as the sum total of all Players’ contribution to all “rakes” the Players were involved in while playing in the BetUSA poker room, minus any credits, (bonus or promotional amounts given to players), less charge backs or any uncollectible revenue attributable to the Player.
For Sportsbook, Casino and Poker wagers, net revenue is calculated as gross revenue less chargebacks, complimentary money, free money offers and other incentives offered to the customer. For poker, net revenue is calculated as the sum total of all Players’ contribution to all “rakes” the Players were involved in while playing in the Bodog Poker Room, less any credits, (bonus or promotional amounts given to Players), less charge backs or any uncollectible revenue attributable to the Player. For the racebook, net revenue is calculated as all gross monies from bets made by customers less; monies paid out to Customers as winnings, licensing fees, fraud, charge-backs, bonuses, and other incentives offered to the Customer.
