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SOFTSWISS Finds Slot Games Capturing 80 % Share of Online Casino Market

SOFTSWISS, a renowned supplier of certified software solutions, analyzes the trends in the online casino gaming industry to find out that slot games continue to hold the largest share in the online casino market. SOFTSWISS has measured the recent performance of Slot Games, Live Dealer Games, and Crash Games segment to reveal that the Slot Games segment still covers around 80 percent of the online casino market.

Slot Games Segment

For the purpose of the study, the provider of one-stop-shop casino and aggregation platforms and other solutions to international operators analyzes more than 300 customers and around 16,500 games. The study used parameters such as the gross gaming revenue and handle achieved by the SOFTSWISS Game Aggregator platform in 2023 and the beginning of 2024. The research finds that slot games took an 85.56% market share in 2023 and an 83% share at the beginning of 2024. This segment is therefore expected to stay above 80% in the forthcoming period.

Top-Performing Titles

slot_dominance_online_casino_games_snapshot_2024In 2023, Pragmatic Play’s Gates of Olympus and Sweet Bonanza slots were constantly included in the top 10 most popular games. But Push Gaming’s Retro Tapes took over the lead at the beginning of 2024 to move Pragmatic’s title to the second and third place, respectively.

Live Dealer Games

This type of games gained popularity over the subject period. Unlike slots, these games attract players ready to place larger bets and contribute to the handle with a lower bet count than slots. Therefore the average bet placed on card games in 2023 was 49.95€, compared to 0.75€ average slot bet placed on the SOFTSWISS Game Aggregator over the same period.

The most popular games from the category were roulette and card games. The segment was ruled by live casino games such as Crazy Time in 2023 and Prive Lounge Blackjack 5 at the beginning of 2024. As for roulette games, Playtech’s blockbuster Roleta Brasileira was leading the sub-category in 2023 to extend a high ranking in 2024. It is notable that this game is the most popular online gaming vehicle among players in Latin America.

Crash Games Category

This segment of the online gaming market follows the live casino games segment in terms of gross revenue generated in 2023 and the beginning of 2024. In 2023, the most popular crash game was Aviator by the Spribe studio, to be replaced by other titles in 2024. The trend testifies about the dynamics of this market segment and the continuously evolving player preferences.

Tatyana Kaminskaya, Head of SOFTSWISS Game Aggregator, commented: “Analysing just the first month of the year doesn’t provide the full picture, yet we do this to predict emerging trends. While slots continue to reign supreme in the gaming world, the diversity we see among the top-ranked games highlights the varied interests of our players. It emphasises the critical need to maintain a diverse portfolio that meets different layer preferences, ensuring a rich gaming experience. Adopting this strategy helps attract a wider audience and retain players by offering them various options, reducing the likelihood of them seeking alternatives.”

Source: “Slot Dominance: Online Casino Games Snapshot 2024”. European Gaming. March 4, 2024.

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On-Sale Dates Announced for (Cheaper) 2024 F1 Las Vegas Grand Prix

Fans can see the 2024 Las Vegas Grand Prix starting at $150 less than they paid to see last year’s inaugural race. Tickets, starting at $350, will go on sale to the public starting Monday, March 25, at 10 a.m. PT for race weekend, which will be held Nov. 21-23, 2024.

Tickets to the inaugural F1 Grand Prix started at $500. (Image: Reuters)

“We are incredibly proud of the inaugural Las Vegas race and look forward to leveraging the successes and learnings of 2023 as we evolve the race weekend for the benefit of all our stakeholders,” Renee Wilm, CEO of the Las Vegas Grand Prix, said in a statement.

Single-day tickets for the Grand Prix race on Saturday, Nov. 23, start at $350. Standing-room-only tickets in the Flamingo General Admission section start at $600 for a three-day ticket.

All prices listed here exclude taxes and fees.

The Caesars Palace Experience will start at $850. This section will be located along Las Vegas Boulevard and will have access to the Caesars Palace fan zone. Food and beverages will be available for purchase.

T-Mobile General Admission, which is also standing-room-only, will start at $1,050. These tickets include interactive experiences plus complimentary food, water, and soft drinks.

Grandstands are priced as follows:

  • Heineken Silver Main Grandstand ($2,750)
  • T-Mobile Grandstands (three tiers starting at $1,800)
  • West Harmon Zone Grandstands (two tiers starting at $1,500)

Clubs are priced as follows:

  • Skybox* ($10,500 plus taxes and fees) — NEW for 2024: Fans will have the option to purchase a Skybox ticket with an assigned seat in the Heineken Silver Main Grandstand for a total of $12,500 per person.
  • NEW Turn 3 Club ($9,300)
  • Champions Club ($8,900)
  • NEW Club Overtake* ($5,500)
  • Legacy ($5,500)
  • Club Paris ($3,750)
  • HGV Clubhouse ($3,500)

Luxury spaces are priced as follows:

  • F1 Garage ($35,000)
  • Additional details on the F1 Garage experience will be shared in the coming months
  • Wynn Grid Club ($25,000)
  • Paddock Club ($15,000)
  • Bellagio Fountain Club ($12,500)

Nevada residents will get early access starting Friday, March 22, at noon through Sunday, March 24. To access the presale, fans must purchase tickets via Ticketmaster using a credit or debit card linked to a Nevada billing address.

Visit f1lasvegasgp.com for more information and to sign up for updates.

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SOFTSWISS Announces Results of Its Cryptocurrency Research, Its Popularity Increases

As technology advances, cryptocurrencies become more and more popular. According to the recent SOFTSWISS research, in 2023 the number of people who use crypto to place their bets increased by more than 20%.

Changes in the iGaming landscape

time_to_invest_in_crypt_softswiss_2023_igaming_market_overview (1)Current predictions say that by 2030 the iGaming market will double, and the estimated compound annual growth rate would be 11.7%. When it comes to revenue, it is estimated that it will reach 140 billion euros.

SOFTSWISS, one of the leaders in the field of crypto iGaming software development, researched the crypto market and gathered data from more than 600 brands. According to the research, the iGaming market is thriving on a global level – Total Bet Sum recorded annual growth of 38.2%, while Total Bet Count increased by 51.2%.

However, the average bet decreased, and one of the main reasons is an expansion of iGaming across smaller markets, so the decrease is more significant in markets such as Latin America and Africa. On top of that, increased internet availability across the globe, as well as incorporating modern technologies, affected the final result. Another important factor is the growing popularity of iGaming among players under 30, who have limited budgets.

As the research, which began in 2022, has proven, fiat bets are still more popular, and their number is growing faster than crypto bets. Crypto Bet Sum increased by 8.2% in Q4 of 2023, and Fiat Bet Sum recorded an increase of 16.4% annually. Crypto bets were 27.5% of Total Bets Sum in 2023, which is a decrease of 3.9 p.p.

Comparing 2023 to 2022, the Crypto Bet Sum increased by 21.1%, while the Crypto Bet Count increased by 50.5%.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, commented: “The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions.”

Most popular cryptocurrencies

In 2023, the average fiat bet was around 0.82 euros, and the crypto bet has been fluctuating between 1.59 and 1.88 euros, but it was more stable than it was in 2022.

The most popular cryptocurrencies in 2023 were Bitcoin (73.3%), Ethereum (9.9%), Litecoin (6.6%), Tether (4.6%), and Dogecoin (3.1%).

Bitcoin is still the most popular cryptocurrency, but compared to the third quarter of 2023, it decreased by 5.7 p.p. On the other hand, Ethereum grew by 4.7 p.p. and Litecoin increased by 2.2 p.p.

Matsukevich commented on this: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalization in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.”

Source: “Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview”. Softswiss. February 28, 2024.

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Spanish Online Gambling Market Records an Increase of €315.3m in Q4

The Spanish online gambling market is growing, and according to the recently published report, the online gambling revenue in the country grew to €315.3 million (£269.8m/$342.0m) during the fourth quarter of 2023, which represents an increase of 0.6% compared to the fourth quarter of 2022. The total deposits increased as well.

Most popular games

spain_online_gambling_revenue_edges_up_to_e315_3m_in_q4But the growth hasn’t been noticed only on an annual level – compared to the third quarter, gross gaming revenue increased by 3.6%.

The main source of revenue was casinos, and it seems its popularity among the Spanish players is increasing even further over time. Casinos brought in €171.3 million, which is 54.3% of the total revenue earned in the fourth quarter in the whole of Spain. The popularity of slot games increased in this key European market, so the revenue generated from slot games increased by 25.9%, while live roulette games earned 15.3% more than was the case before.

Sports betting was also incredibly popular among Spanish players. According to iGaming Business, the revenue generated from sports betting was €114.7 million, which is 36.4% of the total amount collected. Poker generated €25.4 million, which is 8.1% of total revenue.

On the other hand, it seems that poker tournaments aren’t as popular as they used to be. A decrease of 0.5% was recorded compared to the previous period, while poker cash had a negative variation rate of 7.0%.

Spanish players love bingo as well, so bingo generated €3.8 million, which is 1.2% of the total revenue. On top of that, contests earned about €50,000.

Deposits and marketing activities

Players were willing to spend a lot of money on various online gambling activities, so the total was €1.04 billion when it comes to the money the players deposited in their accounts during the fourth quarter, which marks an increase of 9.4% compared to the same period in 2022.

There were 1,269,585 active accounts every month on average, which is 6.9% more than in 2022. But it seems these revenue figures were pulled by old players, since the number of new accounts created dropped by 2.3%, as the monthly average was 129,207 accounts.

The operators have spent €113.0 million on various marketing activities, which is 5.3% more than in 2022. Promotions took €53.0 million, €45.2 million was spent on advertising, while €14.0 million was spent on affiliates. Sponsorships took €750,000.

In Q4, Spain recorded 78 licensed active operators. A total of 49 were licensed for casino games, 43 for sports betting services, nine of them offered poker, three bingo games, and two contests.

Source: Fletcher, Robert. “Spain: online gambling revenue edges up to €315.3m in Q4”. iGB. February 27, 2024.

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FI Promises Cheaper Las Vegas Tix, Less Disruption, This Time Around

Formula 1 said it would sell at least some tickets for this year’s Las Vegas race at lower price points. Las Vegas Grand Prix CEO Renee Wilm made the promise during F1 parent company Liberty Media’s earnings call this week. F1 has also promised that preparations for its second Las Vegas race — taking place Nov. 21-23, 2024 — would be only a third as disruptive to traffic, tourism, and commerce on the Strip.

About 316,000 tickets were sold for the 2023 race, with F1 estimating its economic impact on Las Vegas at $1.2 billion. (Image: XPB)

The inaugural Formula 1 Las Vegas Grand Prix was the most expensive to attend on the racing group’s 2023 calendar. Though a limited number of standing-room only general admission seats were available for $500 in the MSG Sphere Zone, grandstand seats were priced at a minimum of $2,000 — and that was before the secondary market raised their prices even higher.

Though neglecting to mention how much the cheapest 2024 tickets would go for, Wilm said they would apply to new general admission zone where single-day admission will be possible.

Wilm also promised that F1 would try to distribute these tickets to the casino properties that felt disengaged from the first race — and its profits.

“We are also working in partnership with the LVCVA to actively engage downtown,” Wilm said. “Different types of activations, potentially watch parties, but really to spread this benefit of what was an incredible weekend throughout the entire valley.”

Vroom for Improvement

Clark County representatives also confirmed this week that the race would continue on the Las Vegas Strip through at least 2026, even though one Clark County official recently claimed that Clark County had no long-term commitment to stage the disruptive event.

The 2024 race will be run on the same 3.8-mile street circuit, which includes the Las Vegas Strip, Koval Lane and Harmon and Sands avenues.

F1 will also once again construct a temporary bridge on Flamingo Road over Koval, even though some local businesses negatively impacted by the bridge have threatened to sue F1 for millions in business losses. (Race officials and Clark County have stated that they are working on a plan to make this year’s bridge less disruptive.)

Grand Prix officials have claimed that the nine months it took to prep the circuit for 2023’s race will be compressed into three months.

About 316,000 tickets were sold for the 2023 race, with F1 estimating its economic impact on Las Vegas at $1.2 billion.

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