SOFTSWISS has published a free Sportsbook Budget Calculator, a comprehensive tool that will help businesses considering launching a sports betting project to calculate the costs and benefits.
Incorporating years of experience from the SOFTSWISS Sportsbook team, the Sportsbook Budget Calculator touches on all vital points in creating a sports betting Business Plan.
With the insights on local market peculiarities provided by Rubens Barrichello, Non-Executive Director in Latin America at SOFTSWISS, this resource will be especially helpful for those considering entering the fast-growing LatAm region.
According to the Sportsbook Budget Calculator, revenue in the online sports betting market is projected to reach €46.67bn in 2024, a 14% increase compared to 2023, with Europe as the largest market, with the combined revenues of each sport as follows: esports 6.4%, basketball 9.4%, American football 9.4%, football 9.4%, tennis 12.5%, boxing & MMA 5.6% and others 37.5%.
The Sportsbook Budget Calculator file also includes a list of the most common mistakes when calculating a budget and recommended solutions, a budget calculator downloadable file and a glossary of terms for clear understanding of each variable.
Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, says: “We understand that careful planning is crucial for the success of any sports betting business. Accurate budgeting and detailed preparation are fundamental when launching a bookmaking operation.
“Turning a concept into a well-structured project requires meticulous planning and the right software platform, with an emphasis on product quality, especially in sportsbooks. Our extensive experience in sportsbook software enables us to guide our partners toward success.”
Download your FREE SOFTSWISS Sportsbook Budget Calculator file HERE
