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Assuming an accelerated run price to €100m for the balance of FY21 implies mature TAM penetration of 4.8%. Note, the actual pace of revenue development will be largely dictated by the pace of regulatory outcomes on a state by state basis. Playtech estimates the US iGaming marketplace (GGR) to be €4.5bn by 2023. Europe is Evolution’s most mature market place and has been at the forefront of gambling and gaming deregulation.