‘SoftSwiss total bets and GGR triple in Q1 2021 versus Q1 2020. You will also be amazed at the age groups and genders placing bets!!’ (Image from softswiss.com)
Every financial report released for the first quarter of the year appears to show immense growth, and the story is no different in this report as SoftSwiss total bets and GGR triple compared to Q1 2020 according to the casino game aggregator latest news release!
In just one year, total bets via operator websites using the SoftSwiss platform increased by 67%. This time 12 months ago there was €1.5 billion in bets, while this year the first quarter produced €4.1 billion! One reason this figure is so much higher in Q1 2021 is the large number of operators signing up to use the firm’s impressive white label sports betting, online casinos, and live casino aggregator solutions!
For those of you not in the know, SoftSwiss has ready-made online sports betting and iGaming platforms available for businesses that want to become operators in the industry. By using an out-of-the-box solution, it saves operators the time and expense involved with designing a custom responsive website, betting and bonus tech implementation, creation of user login back ends, and the arduous task of thrashing out multiple deals with software providers like Microgaming, Evolution, and Pragmatic Play in order to host games from these popular casino game manufacturers!
As the SoftSwiss brand continues to grow into a household name in the iGaming industry, picking up an MGA license along the way, its platform has become a much sought-after solution for investors and entrepreneurs looking to get a piece of the action!
SoftSwiss GGR Increases 65% In Q1 2021
2020 Q1 GGR figures came in at €61 million while a 65% rise in 2021 Q1 reports puts it at €160 million! This doesn’t come as a surprise after the firm reported that it exceeded €150 million GGR in March, and now via this report, we can confirm that number is €10 million higher than initially reported. The lion’s share of these figures come via bets using Euros, dollars, and Russian Rubles. Dollars are preferred by those betting from countries whereby their domestic currency is not available. Furthermore, there are Canadian, New Zealand, and Australian dollar bets to consider.
Also, another area SoftSwiss records a notable rise is via cryptocurrency bets as the world of virtual money continues to push its way further into everyday finances. The SoftSwiss platform enables cryptos such as BTC, BCH, ETH, LTC, DOGE, and USDT to name just a few. Once again, this is a popular choice for those that do not want gambling transactions showing on bank statements or use cryptos because the player cannot bet using his or her domestic currency.
Cryptocurrency betting is popular amongst younger players, and as per SoftSwiss’s stats that show the age range of the majority of players at casinos and sportsbooks using the platform is between 22-38 years. Within those figures males dominate, yet there is an ever-growing number of female players!
Russia Boasts the Largest SoftSwiss Market Share
As for the country recording the most bets helping the impressive GGR figures, that trophy still goes to Russia but with little gain to the previous year’s numbers. Countries such as Germany are catching up and look likely to overtake the Russian market’s share of the SoftSwiss aggregator platform. This is largely due to a marked increase in online casinos targeting European countries.
One reason Russia’s GGR fell was down to payment method laws applied. Since Q4 2020, the drop off from having 22% of the platform’s market share down to 15% this quarter!
Desktop Access Is Falling!
To round off an excellent insight into the SoftSwiss aggregator platform’s Q1 2021 states, an interesting fact emerges, and one we probably already knew would happen. The number of players betting via desktop is declining with Smartphones slowly taking over, while 5% of players use tablet devices!
The SoftSwiss iGaming and sports betting solution provider continues to push boundaries within the iGaming and sports betting online gambling niche markets. By the end of 2021, we fully expect the firm to report an impressive growth pattern, especially now it also has a Malta Gaming License option!
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