Bets are increasingly being made on mobile phones, a move that this executive anticipated years ago and that will define the future of the sector based on the technological possibilities of companies.Choosing a sportsbook software provider can be an arduous task that many people would rather not undertake, even if sports betting participation and revenue are vastly increasing around the globe. To help companies solve this issue, Altenar’s COO and co-founder, Dinos Stranomitis, shares key information, based on years of expertise and huge knowledge about sports betting, sportsbook software and what operators need to have a successful sports betting business.
THE SHIFT TO ONLINE GAMBLING
When asked about this trend, Stranomitis smiles his signature grin and explains: “As a sportsbook software provider, we need real-time sports coverage of what’s happening in every stadium or sporting event around the world to successfully operate. With COVID-19 preventing access to these venues, data had to be expunged from other means, like television, where a satellite delay can far exceed the typical good user experience.”
In this sense, the well-respected executive continued. “We need to have a complete understanding of what’s happening live, which is slowly returning to pre-pandemic delay times. In some regions, like Latin America, the sports betting arena has seen several in-land operators make the jump to online as a direct result of the situation. The immediately required Altenar’s services since we’re more than capable of responding to their demands,” he stated.
The believer of information technology as the future of iGaming went on to describe the increased interest in sports betting and move to online gambling in the post pandemic era. The COO commented: “Through data and statistics, Altenar can affirm that, from 2022 to 2027, the estimated revenue growth in sports betting will be over USD 2.5 billion. The most used device in CAGR percentage will be mobile, with a 10.7% winning outcome, showing that the pandemic may have hastened the somewhat inevitable move to iGaming and sports betting.”
MOBILE BETTING, NEW MARKETS AND INCREASING REVENUE
Stranomitis added that choosing the right sportsbook software provider is equally, if not more important now, as it was in the emergence of online sports betting in the 1990s. He recalls that something he has spoken about in the past is the need and focus for a ‘mobile only’ approach. Operators should build and expand from a four-inch screen to the needs of the market they’re looking to enter.
With Dinos’ trademark smile still brightening his face, the COO of Altenar concluded: “This is why choosing a sportsbook provider like Altenar offers you access to numerous markets, several data providers and a level of expertise that has witnessed the birth and evolution of the online sports betting arena. As the world increasingly adopts state of the art technology, this will only boost your online gambling business and help grow your revenue.”