SOFTSWISS 2023 Gaming Market Overview

In 2023, Crypto Betting stakes increased by more than 20%, as SOFTSWISS reports. The leading technology company with over 15 years of experience in iGaming and number one in Crypto-optimized softwareshares his analysis of the dynamics Crypto Landscape.

GZIRA, Malta, February 28, 2024 /PRNewswire/ – SOFTSWISS, as an innovator in Crypto iGaming software development regularly conducts research to track the dynamics of Crypto within the iGaming market. Using extrapolation, comparative and correlative analysis, experts analyze the data collected from over 600 Crypto-friendly brands operated by the company.

Total bet amount

Overview of the iGaming market

Based on SOFTSWISS data iGaming market recorded stable expansion in 2023. In absolute numbers in euros this is Total bet amount grew over 38.2% Year for year. At the same time it is In total Number of bets recorded an even greater increase and exceeded 51.2%.

The average use is declining slightly for several reasons. A key factor is the wider reach of online gambling, driven by advanced technology and increased internet availability. This trend is more evident in emerging markets such as LatAm and Africa, where the stakes are usually smaller. In addition, the increasing number of players under 30 with limited budgets is contributing to the decline in average bet size.

State of Crypto

The in-depth quarterly analysis started in early 2022 shows that fiat betting is growing at a higher rate compared to Crypto Bets. In the fourth quarter of 23 the Crypto Bet amount saw one 8.2% increase in absolute numbers, while the Fiat bet amount streamed past 16.4% compared to Q3’23. The end of 2023 will be Crypto share in total Bet amount (27.5%) decreased by 3.9 p.

The comparative analysis of the 2023 Crypto bet total compared to the previous year 21.1% Growth. At the same time it is Crypto bet To count increased by 50.5% Year for year. The growing number of bets indicates increasing interest Crypto Gambling, but the greater availability of digital currencies can lead to slightly cheaper bets.

“The advantages of using digital currencies, such as fast transactions and anonymity, are important drivers for many players. Given these dynamics, the market demands an expansion of the possibilities of iGaming projects.” Crypto Player. For example, in-game currency conversion allows operators to include players Cryptocurrency Assets in games originally designed for fiat transactions. “The projects that take advantage of such opportunities continue to capture more advantageous market positions,” he shares Vitaly MatsukevichChief Operating Officer at SOFTSWISS.

Crypto Bet Stabilization

The average fiat bet remained constant at about 0.82 euros throughout the previous year. Despite fluctuations in the Average Crypto bet in 2023, in the area of 1.59 tons 1.88 eurosCompared to the two-fold decline observed on average, the changes appear modest Crypto Bet during Q4’22 that reached 1.56 euros. This suggests some stabilization on average Crypto Bet throughout 2023. Another thing is that the average Crypto The stake is almost double the average fiat stake, indicating that digital currencies are potentially being used by higher-income players.

Vitaly MatsukevichChief Operating Officer at SOFTSWISS, summarizes: The digital currency market is growing rapidly, with estimates predicting capitalization growth of over 50% in 2023. Despite the risks caused by the high volatility Crypto and its dependence on various factors, its use can bring additional profits for operators. The iGaming industry is promising for investment due to growth in both fiat and non-fiat sectors Crypto markets, but success depends on trustworthy and experienced partners.”

About SOFTSWISS

SOFTSWISS is an international technology company that has been providing world-class solutions for iGaming for over 15 years. In 2013, SOFTSWISS was the first company to introduce it Bitcoin-optimized online casino Solution.

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State of Crypto 2023

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