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12 April, 2022

Exploring Sports Betting Software

Sports betting software can be multifaceted, catering to various needs and interests within the industry. For some people, it could mean a product that analyzes the statistics of players, matches, teams, etc. that helps them make decisions on placing bets. That type of betting software is centred around sports analytics. For another person, sports betting software can mean the websites or the products that they use to place a wager. In other words, the software that they are looking for would be an online sportsbook. The focus of this article, however, is sports betting software that allows you to start an online sportsbook. This type of software often comes packaged in turnkey or white label solutions.

Why invest in sports betting software?

You might be considering sportsbook software to tap into the lucrative sports betting industry, which boasts a staggering global market value exceeding $83.6 billion USD as of 2022. With projections indicating a robust 10.3% compound annual growth rate until 2030, the allure of this sector is undeniable. This growth is fueled by factors such as increasing legalisation, online and mobile platform popularity, and technological innovations.

The rising accessibility of sporting events through digital platforms and the emergence of new betting markets like esports further contribute to the industry’s allure. For entrepreneurs and investors, this landscape offers fertile ground for innovation and market leadership. Whether seasoned veterans or newcomers, individuals stand to capitalize on the industry’s evolution and opportunities. Equipped with the right tools and sportsbook marketing strategies, you can navigate the complexities of the modern betting landscape and thrive amidst competition.

Delving into white label sports betting software

White label sportsbook solutions, such as the Fer0x Sportsbook engineered by Lion Gaming, offer comprehensive packages to expedite the go-to-market speed of your sportsbook. White label software is one of the most common routes to explore when you are evaluating betting software as they are a comprehensive solutions that provides everything you need to start a sportsbook. From powerful back-office tools, email marketing tools, integrated payment methods, affiliate management systems, and customizable websites, these solutions streamline the setup process while minimizing costs. By leveraging white label software, you can transition from conception to operation in a matter of weeks, bypassing the complexities associated with developing your own sportsbook technology in-house.

Embracing the the crypto wave

The integration of cryptocurrencies into sports betting platforms represents a significant shift in the industry. With Lion Gaming’s crypto sportsbook software, we combine traditional fiat payment methods with crypto solutions, providing unparalleled flexibility and accessibility to your players. With advancements in blockchain technology, Lion Gaming is leading the charge by offering web3 wallet integrations, airdrop functionality, and on-chain wagering capabilities through smart contracts, setting a new standard for the future of sports betting.

Key features to consider from sports betting software providers

Beyond player account management systems, the success of your sportsbook hinges on the features players demand. Live betting options, comprehensive event coverage, parlay betting, player props, esports betting, and seamless mobile experiences are vital components of a robust sports betting platform. Lion Gaming’s cutting-edge software suite encompasses these features and more, empowering you to deliver unparalleled betting experiences to your players.

Unlock your potential with Lion Gaming

Explore the transformative impact of Lion Gaming’s sports betting software on your business. Contact us today or email hello@investors.liongaming.io to discover how our innovative sportsbook solutions powered by the Fer0x Engine can elevate your operation to new heights of success.

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VP of Operations

Christine Lewis

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