OddsMatrix Generates Record €183 Million in Bets in 2023

by | Jan 16, 2024 | casino | 0 comments

OddsMatrix, a sports betting division of B2B iGaming software provider company EveryMatrix, boasts the record number of bets handled in 2023 through the partnerships with operator and provider partners.

€183 Million Handle

Such partnerships included the launch of new mobile sport betting operations enabling bettor to place bets from the comfort of their homes, as well as the launch of the Hungarian lottery’s platform TippmixPro brand and a series of other B2B and B2C deals. As a result, OddsMatrix handled a total of €183 million in wagers in 2023 to see a 75 percent increase in comparison to the year prior. Such a record handle was decisively boosted by a 95 percent year-over-year rise the fourth quarter of 2023.

Consecutive Monthly Handle Records

The sports betting division reached another milestone in December 2023 to wind up the year with another record. Indeed, December 2023 represented the OddMatrix’s second all-time-high month in terms of revenue as the company generated €44.4 million in gross gaming revenue. The 2023 success seems even more significant taking into account the fact that the December result follows the sportsbook’s record performance of€48.5million achieved just a month earlier in November 2023.

1.8 Million Live Events Covered

OddsMatrix provides betting solutions to a range of operator partners to ensure profitability of their common operations. As the portfolio of live events powered by the sports betting provider rose by 31 per cent to reach a total of more than 1.8 million live events covered in 2023, it seems that an increasing number of partners recognize the brand as the go-to sports betting solution.

Strong Fourth Quarter

The argument is supported by the fact that OddsMatrix covered 500,000 live events in the fourth quarter of 2023 alone to contribute to the total 2023 live event figure with almost 28 percent stake. Such performance therefore resulted in the record €183 million handle reached by the provider in 2023.

OddsMatrix CEO Tor Skeie commented: “The last 12 months have involved a huge amount of work across not just OddsMatrix, but also the group. This is now paying off with a record set of numbers that we fully intend to continue to build on in 2024 and beyond. Our sportsbook, both standalone, and as part of wider turnkey agreements, has become an essential technology product for the world’s largest brands. We’re delighted with its progress and the results it is having for our customers.”

Source: EveryMatrix’s OddsMatrix Sportsbook Division Enjoys Record Year”. Gaming Intelligence. January 11, 2024.

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