Leading iGaming technology provider EveryMatrix has partnered with top North American operator DraftKings to successfully launch its casino project in Ontario, Canada. This marks another significant move by EveryMatrix to expand into major North American markets following its success in New Jersey.
The integration with DraftKings will allow players in Ontario to access a diverse portfolio of games from EveryMatrix’s in-house studios, such as Armadillo Studios, through the SlotMatrix platform (EveryMatrix’s proprietary B2B aggregation and content provision product).
Strategic Growth and Market Penetration
EveryMatrix Americas President Erik Nyman expressed great enthusiasm for the expansion, stating: "EveryMatrix is thrilled to extend our partnership with DraftKings to Canada and its largest province, Ontario. This means we now cover half the population of the country, marking another important milestone for the company." He added that this move brings them closer to fully penetrating the North American market.
The launch in Ontario signifies EveryMatrix’s commitment to expanding its influence and coverage in the lucrative North American market, with the company having signed commercial agreements with several top-tier operators in the US through SlotMatrix.
Continued Revenue Growth and High Profit Margins
Beyond geographic expansion, EveryMatrix has also achieved significant financial growth. In the second quarter of 2024, the company recorded its highest-ever quarterly net revenue of 42.4 million euros, a 57% increase year-over-year, with a profit margin reaching an unprecedented 59%. This marks the fifth consecutive quarter of growth and profit margins exceeding 50%.
The launch of numerous clients and positive sports trading profits drove this extraordinary quarter, continuing the good momentum of EveryMatrix’s record financial year.
The recent acquisition of FSB Technology significantly enhanced EveryMatrix’s top-tier sports betting platform OddsMatrix, bringing direct additional revenue and establishing a stronger market share in the UK, Ireland, and Africa. Integrating new games and suppliers into the SlotMatrix platform also expanded its appeal, offering over 1,047 unique games and integrating 6 new suppliers, bringing the total to 163.
In the sports betting sector, OddsMatrix’s turnover increased by 48% year-over-year, reaching 1.2 billion euros this quarter, with the past 12 months totaling 4.6 billion euros. The platform also reported significant increases in live events and betting activities, with both categories reaching historical highs.
With its strategic expansion and strong financial performance, EveryMatrix is well-positioned to continue its growth momentum in the global iGaming market. The company’s innovative technology solutions and strong partnerships are expected to drive further success and consolidate its market-leading position.
