OpenBet shatters Super Bowl wagering levels with 145% growth and 65,000 bets per minute

Same-game parlays account for 27% of all bets with the supplier’s flawless performance during the big game

February 15, 2023 - OpenBet’s customers processed more than 13.6 million bets during last weekend’s Super Bowl LVII, with more than $295 million staked during the big game that saw Kansas City Chiefs triumph over Philadelphia Eagles. The company’s pioneering BetBuilder product handled 3.7 million bets, totalling $66.7 million in stakes.

The world leader in sports betting entertainment which services the globe’s biggest sportsbooks reported 145% growth in total bets and wagers compared to last year’s game, with a peak of 65,000 bets placed per minute. Same-game parlays powered by BetBuilder accounted for 27% of all bets placed, illustrating the continued appeal for this popular betting format from players across the US.

Other key observations from the big game include:

• Average stake of same-game parlays was $20
• In-play wagering accounted for 12% of all bets placed, 8% up on 2022 levels
• BetBuilder requests peaked at 70,000 per minute
• As expected, 95% of bets placed were with U.S. audiences

This record-breaking performance was driven by OpenBet’s robust platform capabilities, strong content offering including 800+ markets, as well as the increase in legalized markets in operation enabling players to place bets in a safe environment.

Crucially, OpenBet’s platform technology rose to the biggest sporting occasion by enduring zero downtime, ensuring the world’s leading operators were able to deliver a flawless sports betting entertainment experience. Throughout the regular NFL season, OpenBet worked closely with its partners to deliver platform enhancements, while preparations for the big game took place months in advance to ensure the best offering possible.

Jordan Levin, CEO at OpenBet, said: “Super Bowl LVII was a thoroughly entertaining spectacle and major sporting events like this are moments that matter for our partners. Their investment behind player acquisition and retention relies heavily on searing technology and world class planning.

The event showcased the importance of a superior content offer backed by robust and scalable platform technology. At OpenBet, we are experts in this field. This was illustrated by the fact we offered 800+ markets based on a variety of special outcomes, along with our BetBuilder solution which facilitated world class same-game parlay experiences. Strong performances like this further vindicate our position as a world leader in sports betting entertainment.”

About OpenBet

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.

To find out more keep up to date on our LinkedIn: www.linkedin.com/company/weareopenbet