- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
NeoGames Posts Impressive Q3 Results

NeoGames, a tech-driven provider of online gaming and lottery solutions, has posted its financial results for the third quarter ended September 30. The company saw metrics rise across the board and attributed the results to the performance of its iLottery platform.
These are notably the first full quarter results following the completion of NeoGames’ merger with Aspire Global.
Favorable Results Highlighted NeoGames’ Strengths
NeoGames announced that the total revenues and its share in NPI revenues were $73.3 million, representing a huge 262% increase from the prior year period, reflecting the recent merger. Revenues sat at $62.2 million, which is significantly more than Q3 2021’s results.
NeoGames’ iLottery revenue contributed $24.7 million to the total revenue, representing a 22% YOY increase. Aspire Global, meanwhile, recorded revenue of $48.5 million, which represents an 8% increase from the prior year period.
Meanwhile, NeoGames’ total net loss was $4.4 million, showing higher losses for the company. For comparison, last year, the provider had a net income of $1.5 million. NeoGames explained that its net income plummeted because of a $0.23 per share impact from the amortization of intangible assets related to the Aspire Global acquisition. Furthermore, Q3 reflects the impact of interest expenses related to the transaction.
NeoGames also reported that its AEBITDA sat at $17.6 million, representing a stellar 135% year-on-year increase. Thanks to the favorable results, the supplier improved its FT 2022 Guidance from $194-208 to $197-208.
The Company’s Brands Grew
Q3 was also a period during which NeoGames managed to ink new agreements and expand existing ones. The company agreed to power the Georgia Lottery Corporation with its proprietary content, helping it boost its appeal. The supplier also extended its existing agreement with Btobet by an additional 5 years.
NeoGames obtained licenses to launch Pariplay in Pennsylvania and Connecticut and onboarded many new content providers to the Pariplay platform. Speaking of Pariplay, the platform struck an agreement with ATG, a leading Swedish operator, to launch iGaming content from Wizard Games in the Swedish market. Wizard Games content was also launched in Michigan through BetMGM.
Lastly, Aspire Global signed a deal with ITSP, a notable German gaming operator, agreeing to provide it with a complete turnkey technology and gaming content solutions.
Molul Said NeoGames Remains Wary of the Headwinds
Moti Malul, NeoGames’ chief executive officer, commended his team’s performance, noting that the company grew its revenue and profitability.
These strong results reflect our iLottery platform continuing to power customer results to outperform market performance.
Moti Malul, CEO, NeoGames
Malul also praised the performance of the iGaming and sports betting businesses and the strength of the Pariplay and BtoBet offerings. He added that despite being in their early days, the company’s integration efforts have already helped the company reap benefits.
Malul noted that the company remains wary of the global economic situation. He said that the ongoing headwinds are a good way to remind his team to remain focused and disciplined. He concluded that the company’s advances show the value of NeoGames’ brands to customers within the sector.
NeoGames will host a live conference call and audio webcast today, at 8:30 am Eastern Time. During the call, its management will further discuss the quarterly results.
Angel has a passion for all forms of writing, be it fiction or nonfiction. His curious nature gives him an ace up his sleeve when researching a new topic. Angel’s thirst for knowledge, paired with adaptability, always helps him find his way around.
Must Read
Business
September 11, 2025
Caesars’ Online Business Could Be Worth More Than Parent Company
Business
September 11, 2025
Playtech Posts Solid H1 Results “Ahead of Expectations”
Business
September 10, 2025
Jefferies, Confident About DraftKings Amid In-Play Betting Surge
More Articles
Business
September 16, 2025
MIXI Consolidates Its PointsBet Shareholding, Increasing It to 66.43%
Business
September 16, 2025
Kaizen Gaming Hires HR Powerhouse as Chief HR Officer
Industry
September 15, 2025
Rumors Say Polymarket Considers $9B Valuation While Kalshi Targets $5B
Business
September 15, 2025
Bragg Gaming Secures New Financing Deal to Boost Growth
Business
September 15, 2025
ATG Encourages Shareholders to OK Novomatic’s Takeover Bid
Business
September 12, 2025
Webis Holdings Forms Strategic Partnership with XST Capital Group
Industry
September 12, 2025
Animo Launches Next-Gen Live Gaming with Animated Hosts on Stake
Business
September 12, 2025
Flutter Names Stefan Bomhard Non-Executive Director
Slots
September 12, 2025
Make Winning Investments in Dragon Gaming’s Crypto Jackpots