The third quarter of 2023 witnessed a notable uprise in the number of bets, turnover, and gross gaming revenue (GGR) towards mobile devices compared to the same period last year, according to SOFTSWISS Sportsbook Q3 2023 Overview.
Precisely, 80% of bets were placed via mobile, marking a substantial increase from 65% recorded in the previous year. The growing trend of players opting for mobile phones for betting underscores a strategic shift driven by the inherent convenience these devices offer, especially in live betting scenarios.
The sports betting software platform saw a 37% higher average bet on League of Legends compared to football in the third quarter of 2023. Counter-Strike continues to hold its ground in the top 10 most popular disciplines by bets, keeping its leadership among cybersports. Dota 2 has become the most profitable among all betting categories.
In Q3, there were more tournaments across various esports than in the second quarter, positioning cybersports as a potential lifesaver during the low season of traditional summer sports.
“In contrast to the third quarter of the previous year, we note a gradual increase in the share of combo bets. It is a favorable sign for operators, given that the likelihood of winning a combo bet is lower than that of a single one,” Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, said.
“Overall, I am delighted to mark our sustained growth from quarter to quarter. When we compare our performance with the corresponding period last year, we see an extraordinary increase of 438% in the number of bets and that our GGR has surged by an astounding 523%.”
“These remarkable results are a testament to the dedication, professionalism, and unwavering commitment to innovation demonstrated by my colleagues at the SOFTSWISS Sportsbook and other product teams. I extend my heartfelt gratitude to them for their outstanding contributions,” he added.
Being part of the company’s product ecosystem, the SOFTSWISS Sportsbook offers clients a range of bonuses “unique to the iGaming industry” and the ability to launch jackpot campaigns on sports events. It made a huge step towards new regulated markets last month as it obtained vital GLI-33 certification.
