The SOFTSWISS Sportsbook report for Q3 2024 shows that eSports have seen explosive growth, doubling their revenue compared to the previous period. The average bet on cyber sports increased by 17.6% quarter over quarter. The top five sports by gross gaming revenue (GGR) remain consistent: soccer, tennis, basketball, table tennis, and eFootball.
For the second consecutive quarter, eFootball has surpassed Counter-Strike 2, indicating a shift in interest within the eSports sector. However, soccer continues to dominate, contributing nearly half of the total GGR.
The average live bet grew 10% quarter over quarter, a positive development for operators, as live bets account for 78.6% of the revenue. The SOFTSWISS Sportsbook team is actively enhancing the live betting experience, aiming to capitalize on this trend and provide operators with even greater revenue opportunities.
The average bet grew 9.7% quarter over quarter in Q3 2024, and the number of bets increased by 18.7%. GGR saw a modest growth of 1.5% quarter over quarter.
Despite the large number of projects launched for UEFA Euro 2024, month-to-month statistics show that, with the right promotional strategies, projects continue to operate successfully even after such massive events.
"Aligning a launch with a major sports event can be a successful strategy, but soccer is not the only sport that can be leveraged in this way. The growth of cyber sports presents new opportunities; for specialized projects targeting specific audiences, e-sports events can also serve as an effective starting point", states Alexander Kamenetskyi, head of SOFTSWISS Sportsbook.
“We continuously focus on growth and product development, enhancing features and user experience to further drive engagement and profitability for our partners”.
SOFTSWISS Sportsbook is expanding its global presence. The product team is on track to secure certification in Brazil, conducted by an authorized testing laboratory.
Additionally, for the South African market, SOFTSWISS Sportsbook has recently integrated a Horse Racing Module. This addition offers operators new business opportunities by covering over 2,400 international and local races monthly. The solution engages players with race cards, silks, and various types of bets, while providing operators with unique skins and settings to align with various brand identities.
The SOFTSWISS team is working on The iGaming Trends Report 2025, which offers a deep dive into the key developments in the industry based on over 50,000 media headlines and industry expert insights. Covering areas such as regulation, marketing, technology, and business growth, this report provides a data-driven perspective on the trends shaping the next year. The SOFTSWISS team shares the possibility of joining the waiting list.
All SOFTSWISS products will be displayed at the last major industry event, SiGMA Europe, at booth 2145.
Source: GMB
