SOFTSWISS is a global tech expert with over 15 years of experience in iGaming. It has unveiled three new products made in partnership with Turfsport. The latter is a leading South African software provider. The company bought it earlier.
In 2024, the online lottery market is projected to generate over $16.9 million in revenue. Moreover, by 2029, it reaches over $22.0 billion. To offer a wide range of lottery draw betting options independent of traditional lottery organizers, the new Lotto Software enables operators.
The solution has handled up to 80 bets and processed 3,333 bet results per second, covering over 300 lottery draws worldwide. An intuitive betting experience, offering numbers, sum, count, positions, colors, even/odd, and jackpot-type draws are being provided. With external wallet connections without additional software, the platform absolutely integrates. Via dual-source validation as well as advanced web scraping technologies, in-house lottery feed ensures fraud prevention.
With industry revenue estimated at $243.7 billion this year, the global sports betting and lotteries market is rebounding post-pandemic. The Retail Betting Solution empowers operators to establish offline gambling businesses quickly and legally. It supports betting on sports, horse racing, lottery draws, and casino games.
The solution allows players to manage their accounts across channels by connecting retail and online platforms. Operators can set up various shop configurations and track profits using a comprehensive cash management tool. The Retail Betting Solution also offers pre-match and live event feeds, along with casino games from multiple providers at dedicated kiosks.
By 2032, the global horse betting market is expected to reach $91.2 billion. It registers a CAGR of 7.6% from 2023 to 2032. The new Horse Racing Module integrated into the SOFTSWISS Sportsbook, enhances the betting portfolio through allowing players to place fixed-odds bets on various markets.
Operators are being provided by The Horse Racing Module more business opportunities.
