From memory, BETR launched around this time last year (2022), and this was one of the points from the BET / BETR announcement (see in bold below):
Development & Service Fee of a minimum $7.5 million per annum commencing on the go live date and increasing by CPI on each anniversary of the go-live date, representing a minimum base fee of $75 million over the 10-year contract (before CPI increases)
It is hard to know how much Development & Service Fee revenue has already been included in the BET financials - as it could well be paid annually at the end of each year?
But given the Sept / Oct 2022 launch date of BETR, it could well be that not much revenue has been included from this $7.5m per annum fee up until now - so BETR's % of BET's revenue would be quite low under this scenario.
BET would have received the Platform Development & Launch Fees that were part of that same announcement.
From memory, BETR launched around this time last year (2022),...
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