Published
OnlineSports BettingIndustry

OddsMatrix posts record turnover for Q4 2021

EveryMatrix has reported record-breaking monthly turnover for its OddsMatrix sportsbook solution.

Q4Turnover

The iGaming supplier saw its proprietary OddsMatrix product exceed €100m ($113m) in total placed bets per month for the three months of Q4 2021.

The fourth and final quarter of last year also saw a “massive increase” in bettor engagement with FIFA and basketball sports simulations, according to EveryMatrix.

It credited this increase to growth among its existing client base, as well as launching with several new ones.

“This is a great accomplishment for us, and the numbers don’t lie! OddsMatrix is a great product, and it’s performing even better than we forecasted,” said EveryMatrix Group CEO Ebbe Groes.

“Our product has experienced exponential growth in recent years, and the talented OddsMatrix team is constantly at work to improve and expand upon what we have achieved so far with the product.”

OddsMatrix is designed to help operators “expand their sports business and increase profits”, a goal it aims to achieve by providing “all the necessary tools”.

In 2021, the product acquired several new functionalities, such as the BetBuilder feature that currently supports seven sports, and a Do It Yourself feature that allows operators to create their own tournaments, events and odds.

Q4 also saw EveryMatrix expand its global footprint, applying for licences in West Virginia and Michigan, and appoint a new Chief Technology Officer.

While EveryMatrix has yet to post its full Q4 results, it recorded a strong financial performance for Q3 2021.

At the time, Groes said: “We continue to expand footprint by attracting tier-one clients through our compelling product offering consisting of highly scalable and modular software platforms and solutions.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...