OpenBet Smashes Betting Volumes And Stakes At World Cup 2022 With Record-Breaking Performance And Flawless Uptime
December 21, 2022 - OpenBet’s customers processed more than 200 million bets across all channels at this year’s World Cup, with more than $2 billion wagered during the month-long tournament. The betting activity demonstrated a 13% increase in bets compared to the 2018 World Cup, solidifying OpenBet’s position as a world leader in delivering the very best in sports betting entertainment during the globe’s biggest sporting events.
The 2022 World Cup has been marked by a high level of engagement, with practically every region of the world represented for the majority of the tournament. This was reflected in record viewing figures, with FIFA estimating that more than 1.5 billion people, 20% of the world’s population, watched the final. Furthermore, the thrilling nature of the game led to a boost of in-play activity - around a third of bets and nearly half of stakes were in-play for the final, representing a significant increase on the figures typically seen.
Key highlights across OpenBet’s customers include:
- Record-breaking performances for European and Canadian customers, reporting an increase in engagement levels of 22% and 21% respectively.
- 12+ million bets were placed on USA’s World Cup fixtures, with England v USA being the highlight, seeing 5.6 million bets. Altogether, the USA’s matches garnered $100 million in stakes, demonstrating the growing appeal of betting on soccer from US players.
- The World Cup has been over 200% the size of March Madness across North American operators, further highlighting the increased appetite for the sport with North American customers.
- Strong demand for BetBuilder, with OpenBet’s leading product processing more than 5 times the number of bets processed during Euro 2020. Over 50% of BetBuilder stakes were from US bettors.
Jordan Levin, CEO at OpenBet, said: “This year’s World Cup has been a record-breaker in terms of engagement, and we are thrilled to have provided operators and bettors with an experience to match the sporting spectacle displayed in Qatar.
Alongside a strong performance in Europe, the growth we have seen in North American markets demonstrates our ability to cater to these rapidly regulating jurisdictions, and this also puts us in good stead for the 2026 World Cup, set to be held in the US, Canada, and Mexico.
The massive figures are further evidence that OpenBet is the partner of choice to deliver on the biggest sporting stages with the scale and reliability to fuel memorable betting experiences.”
OpenBet is a world leader in sports betting entertainment. With over 25 years’ experience and a passion for innovation, OpenBet’s modular range of technology, content and services is entrusted by the globe’s biggest sports betting brands, lotteries, casinos and tribal operators. It is a leading business-to-business sports betting partner in the U.S., U.K., Australia and Canada, with a strong position in Europe and APAC. To date, OpenBet has over 75 global customers and a 100% uptime record across major sporting events.
OpenBet is a subsidiary of Endeavor, a global sports and entertainment company.
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