Sporting future: Softgamings and the new era of sports betting

Aug 23, 2024 Artyom Ustinov
Table of Contents
Every year, the world of sports betting erupts with new opportunities, and the competition is fiercer than ever! By 2029, the number of sportsbook users is projected to reach an astounding 182.5 million! Betting shows no signs of slowing down — expect fresh trends and remarkable changes.
In this era of transformation, operators must be resourceful and adaptable, leveraging effective tools to streamline their business processes. Softgamings offers the industry an innovative solution that allows sports businesses to scale without additional investments while maximizing profits. In this article, we will delve deeper into how this works and the benefits that await you.

Industry Dynamics

According to Statista, the revenue in the online betting market is projected to exceed $45 billion in 2024. With an annual growth rate of 7.47%, it is expected to rise to $65 billion by 2029. Launching a betting platform entails a multitude of factors, from obtaining necessary licenses to devising a well-crafted marketing strategy. By 2030, the capitalization of the global betting market is not just anticipated to grow; it is expected to soar to a record $182.1 billion! Key drivers of this growth will include improvements in internet infrastructure and an increasing user base in Africa, South Asia, and Europe, as well as the creation of mobile-friendly products and the liberalization of previously restricted sports betting markets. These new scenarios are prompting operators to consider competitive advantages and the incredible opportunities available for their businesses.

At the forefront of business: Softgamings' innovative solutions

In the competitive arena of Sportsbook management, Softgamings emerges with cutting-edge technical solutions and appealing financial conditions. The platform offers a robust toolset that ensures optimal product management within the gaming industry. The integration and content management system liberates operators from routine tasks, enabling them to focus on strategic business development. What benefits do operators gain from leveraging Sportsbook?

Flexibility and Scalability

One of the standout advantages of partnering with Softgamings is the ability to scale your business without the need to launch separate projects from scratch. This means that when you aim to enter a new market or roll out an innovative product, there's no need to worry about incurring additional costs. Softgamings operates on a revenue share model that applies to your overall Gross Gaming Revenue (GGR), rather than imposing separate commissions for each project. In practical terms, this means that you don't need to pay additional setup fee for every new project, but revenue shared is paid from your total GGR. More projects, higher GGR, smaller revenues share.

Softgamings Sportsbook back office

Dive into the core of operational excellence with the Softgamings Sportsbook back office. This powerful hub equips operators with cutting-edge tools to manage projects seamlessly, track bets meticulously, analyze past performance, and forecast future events with confidence. Here’s what you can expect:
  1. Comprehensive reporting
  2. Player limitation control
  3. Custom bonus system
  4. Design customization
  5. Personalized risk management
  6. Odds adjustment tools
    7.
Are you ready to become the leading sportsbook owner? Sportsbook Solutions empowers you to swiftly capture new market niches while significantly reducing the time and resources needed to enter new markets. Softgamings' solution provides a swift pathway to expand Sportsbook operations without incurring additional costs when launching projects. Moreover, you can also count on:
  • Multi-project capabilities
  • High profitability
  • Complete control over the project
  • Multilingual interface
  • Support for various currencies
  • Adaptive design for all devices
  • Comprehensive analytics system to enhance offerings
  • Multi-tiered data protection system
  • Bonus programs
  • Support for traditional betting types and Custom Events

It’s time to take action!

Beyond the impressive benefits already highlighted, Softgamings offers cutting-edge technology and unparalleled support designed to boost your revenue. With its agile architecture, the platform effortlessly adapts to market fluctuations and evolving customer demands. Don't miss out on the chance to dive into the rapidly growing realm of sports betting! Reach out to Softgamings today and discover how you can start scaling your sportsbook business right now. Your journey to success starts here!
Artyom Ustinov

Artyom is Head of White Label & Turnkey Solutions and has been working in complex B2B/B2C sales, as well as business development and management consulting in iGaming for more than 10 years.

Together with the Key Account Management Team, he has helped over 100 start-ups and experienced gaming companies to launch their projects with SoftGamings.

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