"I'm thrilled to report another strong quarter for Kambi, which settle a year in which annual incomes grew by more than 20% and operator turnover by more than a 3rd. Looking back on 2019, it was another great year for Kambi, as we continued to construct out a fantastic sports betting item, expanded into several new markets, and signed 6 brand-new partners, all of which leaves us in a great location for 2020.
In the previous report, I highlighted the momentum we could see structure in operator turnover, and this trend continued in Q4 with every month delivering a higher number than the last. In total, Q4 operator turnover increased by 52% year-on-year and 36% sequentially - substantially higher volumes than Kambi has actually ever seen. While much of this growth was obtained from our US partners, we also saw double-digit turnover development in markets beyond the US, all of which contributed to strong revenue development of 23%.
While the year was pleasing for many factors, 2019 ended with news our partner DraftKings had actually participated in an agreement to obtain its own sports betting technology and therefore will no longer depend on Kambi. Our earnings from DraftKings are likely to be unaffected throughout 2020. I stay of the view that DraftKings' long-term potential customers would be much better served with Kambi but also that this will increase the appeal of Kambi to an even higher level. We remain firmly devoted to the US, where we have a diverse network of partners which have wonderful potential for development, particularly as more states manage.
We continue to show that we are the sports betting partner operators can rely on to deliver. In Q4, we launched in seven gambling establishments and a variety of online sportsbooks throughout multiple jurisdictions. I'm especially happy we had the ability to release with our first US lottery game, when going reside in New Hampshire with DraftKings in December. I was likewise pleased to make our retail debut in South Africa when we introduced the Kambi Sportsbook inside the Sun International-owned Grand West Casino in Cape Town.
I've spoken previously about the strengths of Kambi's retail item and our ability to roll out at speed. These properties were both on screen during Q4 when we successfully signed a brand-new customer in Seneca Gaming Corporation and subsequently introduced in its three New york city gambling establishment properties within a matter of weeks. Seneca is a terrific customer signing for us. Not just is it an organisation which shares our values of trust and cooperation, but the truth it is owned by among the most highly regarded US Native American tribes guarantees it is a collaboration that will resonate within the tribal neighborhood across the country.
The evolving nature of the sports betting industry means there will constantly be difficulties to conquer but I understand we have actually built a robust organization with the ability and strength to withstand these pressures. We operate in a fast-growing market, one which continues to embrace guideline and will for that reason present Kambi and our partners with interesting opportunities for several years to come. Remain in no doubt Kambi is well positioned both in the US and worldwide and I anticipate a flourishing 2020."
About Kambi
Kambi is a company of premium sports wagering services to licensed B2C video gaming operators. Kambi Group plc is noted on First North Growth Market at Nasdaq Stockholm. Our services encompass a broad offering from front-end interface through to odds compiling, consumer intelligence and danger management, constructed on an internal developed software platform. Kambi's 20-plus consumers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group and Rush Street Interactive. Kambi employs more than 850 personnel throughout offices in Malta (head office), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.
Kambi makes use of a best of type security method and is ISO 27001 and eCOGRA licensed. Kambi Group plc is noted on First North Growth Market at Nasdaq Stockholm under the sign "KAMBI". The Company's Certified Advisor is Redeye AB.