SOFTSWISS unveils innovative Lotto Software, providing operators with a powerful and independent tool in a rapidly growing market.
SOFTSWISS, a leader in the iGaming industry with over 15 years of experience, has announced the launch of its latest innovation: the SOFTSWISS Lotto Software. This new product aims to redefine the online lottery experience by offering operators various customizable betting options independent of traditional lottery organizers. By leveraging its acquisition of Turfsport, a leading South African software provider, SOFTSWISS is setting a new standard for the industry.
The online lottery market is experiencing significant growth, with revenue projections showing a steady rise over the next few years. In 2024, the market is expected to generate over €15.7 billion in revenue. By 2029, this figure is projected to reach €20.76 billion, representing a compound annual growth rate (CAGR) of 5.75%, according to data from Statista.com.
These numbers highlight the increasing popularity of online lottery platforms, driven by technological advancements and the shift towards digital gambling. In 2024, the global online lottery games market is expected to see user penetration of 0.9%, projected to grow to 1.1% by 2029. The United States is anticipated to be the most significant contributor, generating approximately €4.39 billion in 2024, while South Korea is expected to lead in user penetration at 6.5%.
The SOFTSWISS Lotto Software is designed to meet the demands of this growing market. It offers high transaction capacity, processing up to 80 bets per second and handling 3,333 bet results per second. This makes it a robust solution for operators looking to expand their offerings globally.
Supporting over 300 popular lottery draws worldwide, and the software is highly adaptable and suitable for both online platforms and offline betting shops. It integrates seamlessly with existing iGaming and retail ecosystems, offering plug-and-play accessibility that requires no additional software installations—only a web browser is needed for back-office management.
In today’s fast-paced world, bettors seek convenience and variety. The SOFTSWISS Lotto Software is optimized for desktop and mobile devices, providing a smooth and intuitive user experience. Players can place custom or ‘quick pick’ bets on current or future draws, with the software offering a wide range of bet types, including numbers, sum, count, positions, colors, and even/odd betting.
Additionally, the platform features automated scheduling and result processing, simplifying operators' operations and enhancing players' overall experience. This flexibility allows operators to create engaging and profitable lottery products tailored to their audience’s preferences.
Softswiss Lottery Platform at Mbet South Africa:
One of the standout features of the SOFTSWISS Lotto Software is its complete independence from third-party sources. The platform’s in-house lottery feed ensures the accuracy and reliability of results, safeguarded by dual-source validation and advanced web scraping technologies. This level of control and security is crucial in an industry where trust is paramount.
Max Trafimovich, Chief Commercial Officer at SOFTSWISS, highlighted the significance of this new software, stating, “We present a product that not only meets the growing demand for diverse and engaging betting options but also equips our clients with an effective tool to grow their businesses. The SOFTSWISS Lotto Software is a game-changer for the lottery betting industry.”
As the online lottery market continues its rapid expansion, the introduction of the SOFTSWISS Lotto Software represents a significant leap forward for operators. By providing a flexible, secure, and independent platform, SOFTSWISS is addressing current market needs and paving the way for future innovations. With the market projected to reach €20.76 billion by 2029, this software could be the key to unlocking new levels of success in the industry.
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