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SOFTSWISS report highlights surge in live and mobile betting in 1Q24

There has been a significant shift towards real-time wagering, and from desktop to mobile betting, in the first quarter of this year, a report by iGaming software developer SOFTSWISS pointed out.

According to its most recent report, in the first three months of 2024 there was a marked shift towards real-time wagering which, according to SOFTSWISS, ‘enhances better engagement and offers higher margins and quicker capital turnover for sports betting operators’.

The data used by the report was mainly collected from clients using the SOFTSWISS Sportsbook software, and mostly collected from international licensees.

SOFTSWISS Sportsbook

Additionally, SOFTSWISS noted that the transition from desktop to mobile betting is accelerating, with mobile devices accounting for 90 percent of Gross Gaming Revenue (GGR).

‘This trend highlights the growing importance of mobile-friendly betting solutions. It also suggests that operators prioritizing mobile integration and user experience are likely to capture a larger market share,’ SOFTSWISS considered.

Examining the top sports by GGR, traditional favorites remain dominant, with some shifts. Football continues to lead, while tennis has surpassed basketball for the second spot.

The inclusion of American football in the top five, driven primarily by the Super Bowl in February, showcases the significant impact of major sporting events on betting behavior, while ice hockey also remained popular.

Without providing the exact numbers, the tech company also indicated that its SOFTSWISS Sportsbook software experienced significant growth in the first quarter, with turnover increasing by 246 percent, and revenue up 251 percent year-on-year.

AGBrief Editorial
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