This glossary was developed to give new and established iGaming operators a central resource for all terminology related to iGaming. In an industry that’s quickly evolving, there are always new developments and terms to be aware of. You can refer to this glossary to get a better understanding of all the terminology that you hear regularly in conversations surrounding iGaming. Check back often for new updates!
Mobile-first means that Lion Gaming Group designs all of our products starting with the mobile version, and then adapting to larger screens, (as opposed to the typical development process of starting with desktop designs before mobile). This design methodology is important to Lion Gaming Group, as the majority of the world’s internet traffic stems from mobile devices, and is even more prevalent in target markets.
Provably Fair refers to bettor’s being able to independently verify the results of the game they played, to ensure that they did not play a rigged game. All of Lion Gaming Group’s products are built with Provably Fair technology.
Individual or company who operates a casino or sportsbook product.
Refers to online gambling, whereas gaming refers to gambling in brick and mortar location.
Gross Gaming Revenue (GGR)
Gross gaming revenue is the difference between the amount of money bettors wager minus the amount that they win. GGR is equivalent to “sales” or “revenue” – but importantly is not equivalent to “profit” or “earnings.”
Application Programming Interface (API)
APIs are sets of programming code that enable data transmission between one software product and another.
Esports are multiplayer video games that are played competitively by professional gamers for spectators and with cash prizes for the winners. Popular examples of Esports include League of Legends, Dota 2, and Fortnite.
Margin, when referred to in the gaming sector, is the difference between the price the customer is offered to place a wager at and the true probability of the outcome. This can also be thought of as the price the sportsbook charges a bettor to accept his or her wager.