EveryMatrix's Sports Betting Platform OddsMatrix Tops $1B Turnover In 2022

EveryMatrix's Sports Betting Platform OddsMatrix Tops $1B Turnover In 2022

B2B iGaming provider EveryMatrix announced Wednesday EUR 1 billion ($979 million) in turnover in 2022 for its sports product solution OddsMatrix. The company described this achievement as “a new milestone,” marking a new record for the product.

OddsMatrix topped the EUR 1 billion mark on September 9. In 2021, turnover finished just below EUR 1 billion, “so to break that milestone in Q3 2022 is a massive achievement,” noted the company. “Even more, turnover in both August and September was up by 100% YOY.”

The milestone builds upon a prior OddsMatrix record, which was announced at the beginning of the year. At the time, the company announced that the sports product solution surpassed the 100 million turnover mark per month in Q4, 2021.

Ebbe Groes, Group CEO of EveryMatrix, said: “Another stunning accomplishment for OddsMatrix and EveryMatrix as a whole. We’ll likely be hitting EUR 200m turnover per month in Q4 2022. And the fast growth of volumes can be turned into even more feature investment, positively reinforcing the volume growth!”

The company called 2022 “a great year so far” for OddsMatrix, having signed deals with Intralot in Morocco for MDJS (La Marocaine des Jeux & des Sports en Ligne) and German brand bet-at-home. Also in 2022, EveryMatrix acquired sports betting provider Leapbit “to elevate its online-first OddsMatrix platform and expand its ecosystem with a mature retail product.”

EveryMatrix calls OddsMatrix a product “designed to provide all the necessary tools for operators to expand their sports business and increase profits.” The solution is “completely customizable,” offering the freedom, support, and monitoring tools needed “to drive betting engagement, improve product performance, and enhance sports and esports betting offerings.”

Earlier this week, EveryMatrix announced it has been awarded the public tender to provide the Finnish state-owned gaming and lottery monopoly Veikkaus its library of casino content. The six years agreement was awarded to EveryMatrix after a competitive procurement process. Veikkaus will integrate the supplier’s CasinoEngine solution, the iGaming Integration Platform, and source a catalog of 65 game providers, with more to be added in the upcoming years.