OddsMatrix, the prominent B2B sportsbook division of EveryMatrix, has marked its most successful year to date, reaching unprecedented growth, profitability, and a record number of bets for its tier-1 customers.
Over the past 12 months, the sports betting platform, data feeds, and services division have seen substantial advancements, launching numerous large-scale digital projects for tier-1 brands across Europe. The division experienced a remarkable 75% Year-on-Year (YoY) surge in total bets, escalating from 109 million to 183 million between 2022 and 2023.
Additionally, there was a striking 95% quarter-on-quarter (QoQ) increase in bets in Q4 2023 compared to the same period the previous year.
Profitability witnessed a staggering 90% surge over the last year, soaring from €100.2 million to €191.1 million. Quarterly profits exhibited an even more remarkable increase, surpassing 200%, escalating from €23.9 million in Q4 2022 to €74.5 million in Q4 2023.
In December 2023, OddsMatrix achieved its second-highest-ever month in Gross Gaming Revenue (GGR) for customers, totaling €44.4 million, following a record-breaking month just four weeks earlier in November 2023 (€48.5 million).
The live events hosted by OddsMatrix also saw a significant rise, climbing by 31% YoY in 2023 to surpass 1.8 million events. In Q4 2023 alone, there was a 6.2% QoQ increase with 500,000 live events during that three-month period.
EveryMatrix, with OddsMatrix at the forefront of each project, successfully delivered some of the industry's most intricate turnkey solutions over the past year. Notable projects include the integration for tier-1 operator bet-at-Home in Germany and the launch of the TippMixPro OddsMatrix-powered sportsbook in November 2023.
Tor Skeie, CEO of OddsMatrix, commented on this remarkable achievement, stating, "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."
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