Esports witnessed significant growth in Q3 2024, double turnover from the previous quarter. The average wager on cybersports climbed by 17.6 percent quarter over quarter. SOFTSWISS released the SOFTSWISS Sportsbook Q3 2024 report.
Football, tennis, basketball, table tennis, and eFootball continue to be the top five sports in terms of Gross Gaming Revenue. For the second straight quarter, eFootball beat Counter-Strike 2, demonstrating a change in esports interest. Nonetheless, football continues to dominate, accounting for roughly half of the entire GGR.
The average live bet increased by 10% quarter over quarter, which is good news for operators because live bets account for 78.6% of total turnover. The SOFTSWISS Sportsbook team is continually improving the live betting experience, hoping to capitalise on this trend and give operators with even more income potential.
The average bet climbed by 9.7 percent quarter on quarter in Q3 2024, while the number of bets increased by 18.7 percent. GGR increased modestly by 1.5 percent quarter over quarter.
Despite the enormous number of projects created for the UEFA Euro 2024, month-on-month data demonstrate that with the correct promotional techniques, projects may continue to run profitably even after such major events.
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Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, stated that
While aligning a launch with a major athletic event can be a successful approach, football is not the only sport that can be utilized in this manner. The expansion of cybersports creates new opportunities; for specialist initiatives aimed at certain audiences, esports events may also serve as a good starting point. We are always focused on product growth and development, improving features and user experience to create more engagement and revenue for our partners.
The SOFTSWISS Sportsbook is increasing its global reach.
The product team is on schedule to obtain certification in Brazil through an authorized testing facility. Furthermore, for the South African market, the SOFTSWISS Sportsbook has included a Horse Racing Module. This addition expands operators’ commercial prospects by covering over 2,400 international and local races each month. The solution engages players with race cards, silks, and several bet kinds, while enabling operators with custom skins and setups to match diverse brand identities.
The SOFTSWISS team is working on The iGaming Trends Report 2025, which delves into significant industry changes using over 50,000 media headlines and inputs from industry experts. This research, which covers legislation, marketing, technology, and corporate growth, presents a data-driven view on the trends that will shape the next year.
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