Nicaragua255.7K
Madagascar1.28M
Somalia461.3K
Nigeria45.33M
Germany23.32M
Paraguay2.22M
Chad2.98M
Costa Rica389.9K
Venezuela13.25M
United States7.77M
North Macedonia833.2K
Panama833K
Canada7.65M
Benin2.95M
Mexico7.36M
Latvia851.5K
Senegal1.08M
Kenya38.4M
Lithuania796.7K
Ukraine6.45M
Montenegro1.43M
Sri Lanka433.4K
Greece8.79M
Kazakhstan3.52M
Georgia13.97M
Vietnam66.06M
France4.01M
Zimbabwe7.34M
Iceland47.27K
Saudi Arabia493.6K
Honduras1.04M
Guatemala349.3K
Sierra Leone1.25M
The Republic of the Congo4.83M
Mongolia78.99K
Bosnia and Herzegovina3.32M
Italy35.61M
Hungary2.79M
Angola7.66M
Haiti11.14M
Ecuador6.51M
South Sudan349.7K
Tanzania41.19M
Spain7.94M
Bolivia478.6K
Slovenia941.9K
Niger159.4K
Mozambique29.38M
Liberia1.97M
Gabon1.64M
Israel350.2K
Myanmar1.39M
Bahrain115K
Turkmenistan13.71K
Cyprus1.09M
Gambia2.93M
Bhutan13.42K
Albania390.5K
Mauritania130.1K
Botswana7.87M
Slovakia3.04M
Egypt1.19M
Kyrgyzstan355.8K
Uganda27.13M
Denmark1.95M
Dominican Republic984.8K
Austria3.29M
Serbia8.23M
Tajikistan2.1M
United Arab Emirates731.8K
South Africa84.21M
Uzbekistan1.02M
Qatar370.3K
South Korea905.9K
Togo261.6K
Argentina16.27M
Portugal3.22M
Ivory Coast5.77M
Singapore2.83M
Nepal2.09M
Armenia4.44M
Zambia17.72M
Burundi309.2K
Kuwait63.42K
Finland6.05M
Yemen11.46K
Tunisia2.59M
Jamaica242.8K
Bangladesh46.89M
Croatia5.21M
Belgium2.94M
Turkey108.2M
Malaysia5.37M
Lebanon415.5K
Czech Republic2.81M
Thailand7.3M
Moldova408.9K
Pakistan5.17M
Japan613.9K
Algeria711.1K
Romania12.09M
Democratic Republic of the Congo34.55M
Brunei22.14K
Russia0
Laos482.9K
Peru29.23M
Malawi9.36M
Indonesia19.36M
Rwanda3.09M
Cameroon17.75M
Namibia3.17M
Mali1.28M
Philippines180.8M
Norway1.09M
Jordan178.5K
India38.27M
Bulgaria18.74M
Brazil8.09M
Uruguay223.7K
Belarus3.09M
Poland12.66M
Australia3.82M
El Salvador1.02M
Burkina Faso271.2K
Netherlands6.42M
United Kingdom40.17M
Ireland3.43M
Luxembourg66.85K
New Zealand2.35M
Sudan7.36K
Cambodia540.7K
Sweden7.74M
Switzerland1.84M
Guinea2.55M
Chile5.45M
Morocco2.26M
Azerbaijan3.46M
Colombia15.18M
Estonia347.9K
Ghana9.81M
Libya9.34K
Ethiopia6.7M

Articles

Analysis, guides and market insights from the Blask team

KnowledgeNegative carryover (NCO)

Negative carryover is a contract clause, and whether a losing month follows an affiliate into the next one is decided by one sentence in the affiliate agreement. Published programmes write that sentence in incompatible ways. A negative balance arises because revenue share commission is calculated on net gaming revenue, and NGR can be negative. Referred players who win more than they stake across a month produce negative gross gaming revenue, and bonus costs, fees and chargebacks are then deducted from an already negative figure. FDJ United Affiliates, the programme formerly operating as Kindred Affiliates, sets out both the default and the exception in a single clause. Under section 6.16 of its global terms dated March 2026, where an affiliate’s customers produce a negative balance “due to the customer winnings and/or bonuses etc., the said balance will be carried over to the next month, unless the Reward Plan has been adjusted to a no negative carryover Reward Plan, which must be approved by the Company’s Head of Affiliates”. Where that adjustment is made, “any negative Commission balance will be set to zero at the beginning of each month”. Two things follow from that drafting. Carryover is the standing position and NNCO is an exception granted at a named internal authority, and the monthly reset is contractual rather than automatic. Affiliate marketing agreements that leave the point unstated leave the treatment to whatever the tracking platform is configured to do. The clause also has to define the population the balance is calculated over, and published terms differ at every level. At programme level, a single balance can pool every brand and vertical an affiliate promotes. EGamingOnline states the opposite position explicitly: “For all our Casino Brands we do not carry over negative balances. Furthermore, we separate our Brands for payment purposes, meaning negative results at one Brand won’t affect your positive results at the others (no bundling)”. The same clause carves out one case — where a single affiliate holds several accounts promoting one brand, a negative affects all accounts in that group. At player level, a cap limits how much of one large winner reaches the rest of the portfolio. Narnium’s published terms classify a player as a high roller once their individual negative NGR contribution passes €5 000 in a calendar month. Terms cap that player’s negative contribution at €5 000 for commission purposes, and state that the excluded balance “does not carry forward and does not offset positive revenue generated by other referred players in the same or future periods”. That is a write-off rather than a quarantine: the excess leaves the calculation instead of being tracked against the same player’s future revenue. Alpha Affiliates publishes a capped carryover rule and works it through with its own figures, which makes the mechanics auditable against the contract rather than an illustration. The rule has two limbs. A negative monthly NGR down to −€10 000 is not carried into the next accounting period. Below that, the balance carries forward with €10 000 absorbed by the operator. Brands are paid separately and are not bundled [4]. Applied to the three-brand month the terms set out — brand 1 at −€13 000, brand 2 at +€4 000, brand 3 at −€3 000 — the next period opens as follows: On 50% revenue share, the affiliate could be paid €2 000 for brand 2 and nothing for the other two, because per-brand payouts do not sum. A programme applying uncapped, bundled carryover to the same activity would open the next period at −€12 000 across the account and pay nothing. The size of a carried deficit depends on the NGR definition above it, and deduction lists are programme-specific. Alpha Affiliates publishes NGR as revenue less 15%, less bonuses, less 5% of deposits plus withdrawals [4]. Narnium defines NGR as GGR less bonus costs, applicable gambling taxes and confirmed fraudulent transactions, then applies a 10% administrative fee before the revenue share percentage. Identical player activity produces different deficits under those two definitions. Reversals compound the effect: a chargeback booked after settlement reduces a later period’s NGR, which under carryover terms can reopen a deficit after the period that produced it has closed. Carryover interacts with the commission structure rather than sitting apart from it. An affiliate commission tier ladder raises the revenue share percentage once a threshold is crossed, and under carryover the higher rate applies to earnings that must first clear an existing deficit. Hybrid deals split the exposure, because the CPA leg pays on qualified first-time depositors and is not reduced by a negative revenue share balance unless the agreement says so. Negative carryover is one sentence in the commission section, and it decides what a revenue share percentage is worth over a year. The terms quoted here disagree on the default, on the population the balance covers and on the deduction list beneath it, which is why the rate and the clause cannot be read separately.

byBlask Team

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