OddsMatrix Sportsbook Sets New Revenue Records in 2023
LISTEN TO THIS ARTICLE:OddsMatrix, the B2B sportsbook division of EveryMatrix, has announced the company saw record trading figures in 2023, with betting revenue from clients at €183 million, up from €109 million, a year-on-year rise of 75%. In particular, the end-of-year results were quite impressive, with the provider achieving a 95% quarter-on-quarter increase against the same period in 2022.
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Other key indicators at OddsMatrix saw strong figures, with profitability at the division up 90% to €191.1 million, up from €100.2 million. The gross gaming revenue (GGR) for customers in the last two months of 2023 set new records for the provider, coming in at €44.4 million for December and €48.5 million for November.
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.
OddsMatrix Powered Turnkey Solutions
The OddsMatrix division delivered several turnkey solutions for gaming operators, which were rolled out by EveryMatrix in 2023. Services, including Cash Out and Bet Builder, were included in the TippMixPro sportsbook, powered by OddsMatrix, and was launched in November last year.
Last year, there was a successful launch of the tier 1 operator bet-at-home into the German market, which also saw the OddMatrix platform as part of the successful integration of the full suite of EveryMatrix services.
OddsMatrix boasts its live events have enjoyed a significant rise along with the other successful indicators in the financial results for last year.
The live events for OddsMatrix in 2023 totaled more than 1.8 million, which in a year-on-year comparison is 31%. With an impressive end to the year, the platform showed 500,000 live events in Q4, a healthy 6% rise from the previous quarter in 2023.
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