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Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview
In 2023, crypto bets expanded by more than 20%, as reported by SOFTSWISS. The leading technology company, with over 15 years of expertise in iGaming and number one in crypto-optimised software, shares its analysis of the dynamic crypto landscape.
According to industry research, the global iGaming market is projected to double by 2030 at a compound annual growth rate of 11.7%. Revenues are expected to exceed 140 billion euro, with a significant share attributed to crypto gambling.
SOFTSWISS, as the innovator in crypto iGaming software development, regularly conducts research to track the dynamics of crypto within the iGaming market. Using extrapolation, comparative and correlative analysis, experts analyse the data gathered from over 600 crypto-friendly brands powered by the company.
iGaming Market Overview
Based on SOFTSWISS data, the iGaming market had a stable expansion in 2023. In absolute terms in euro, the Total Bet Sum grew by 38.2% year-on-year. At the same time, the Total Bet Count displayed an even stronger increase, surpassing 51.2%.
The average bet is slightly decreasing for several reasons. One significant factor is the broader reach of online gaming, fueled by advanced technology and increased internet availability. This trend is more evident in emerging markets like LatAm and Africa, where bets are usually smaller. Additionally, the increasing number of players under 30 with budget constraints adds to the decline in the average bet size.
State of Crypto
The in-depth quarterly analysis, initiated at the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q4’23, the Crypto Bet Sum saw an 8.2% rise in absolute terms, while the Fiat Bet Sum surged by 16.4% compared to Q3’23. At the end of 2023, the crypto share in the Total Bets Sum (27.5%) decreased by 3.9 p.p.
The comparative analysis of the 2023 Crypto Bet Sum against the previous year shows 21.1% growth. Simultaneously, the Crypto Bet Count increased by 50.5% year-on-year. The growing number of bets indicates rising interest in crypto gaming, but the greater availability of digital currencies may lead to slightly more economical bets.
“The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions,” shares Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.
Crypto Bet Stabilisation
The average fiat bet remained steady at around 0.82 euro throughout the previous year. Despite fluctuations in the average crypto bet during 2023, ranging from 1.59 to 1.88 euro, the changes appear modest compared to the twofold drop observed in the average crypto bet during Q4’22, which reached 1.56 euros. This indicates a certain level of stabilisation in the average crypto bet throughout 2023.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The dynamics of the average crypto bet align with crypto market fluctuations. When digital currency values stabilised in H2 2022, the average crypto bet also levelled out. Another thing is that the average crypto bet is almost two times higher than the average fiat bet, which testifies that digital currencies are potentially used by players with higher incomes. Operators should consider this to increase project profitability.”
Cryptocurrencies Rating
The Top Five most operated digital coins in iGaming landscape have remained stable during the last two years.
In 2023, the cryptocurrency structure looks as follows:
- Bitcoin – 73.3%
- Ethereum – 9.9%
- Litecoin – 6.6%
- Tether – 4.6%
- Dogecoin – 3.1%
In Q4 2023, Bitcoin experienced a slight decline by a 5.7 p.p. compared to Q3 2023. Conversely, Ethereum and Litecoin showed growth of 4.7 p.p. and 2.2 p.p., respectively, during the same period.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalisation in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.”
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

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Top live game show with multiplied thrills on the wheel
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SA Gaming has launched a game show: Carnival Treasure!
Carnival Treasure is a spectacular live game show where the game itself is a fast-paced and exciting money wheel game designed to bring players thrilling experiences. To win, players have to predict correctly which numbered segment the wheel flapper will land.
SA Gaming’s Carnival Treasure consists of numbered segments and bonus segments. All 52 numbered segments pay the number (1, 2, 4, 7, 18 and 40) on the segment. When the flapper lands on one of the two bonus segments, “2x” or “10x”, there will be a bonus spin and the winnings will be multiplied accordingly. Bonus spins continue as long as the flapper lands on a bonus segment, allowing a maximum payout of 10,000x!
To enhance interactivity, Chat Room is now available at Carnival Treasure! Players can chat with the host and other online players in it. With the “Gifts” function, players can tip the hosts to show their appreciation and get real-time reactions from them! The chat room is certainly the tool to add fun and engagement to any game!
The post Top live game show with multiplied thrills on the wheel appeared first on European Gaming Industry News.
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Party the Night Away in BGaming’s Fiesta Clusters
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Rapidly expanding content provider takes a trip to Mexico with its vibrant new title, Fiesta Clusters
Popular iGaming content provider BGaming brings the party to the reels with the release of its latest slot, Fiesta Clusters.
This vibrant, highly volatile slice of action combines the celebratory spirit of Cinco de Mayo with the expressive artistry of Día de los Muertos, delivering vibrant thrills for players and a seasonal spike potential for operators around Halloween.
The game uses a cluster pays mechanic, with refilling reels and multipliers up to x256, designed to create explosive winning sequences. These features are also on display in the Free Spins bonus. The game’s colourful visuals, combined with its action-packed gameplay sequences, make it a perfect option for mobile players and streamers.
Fiesta Clusters pulls players in with its festive design that performs beautifully across all devices and operating systems. Players can also skip the queue or enhance their chances of triggering a bonus using the Buy Bonus and Chance x2 features.
Being a BGaming slot, Fiesta Clusters is also packed with winning potential. Players can land a maximum win of 5,000x their stake, with the slot boasting an RTP of 97%.
Alex Baliukonis, Game Design Team Lead at BGaming, said, “Cinco de Mayo and Día de los Muertos are always extremely popular themes with slot players, so we decided to bring the two together for a giant Mexican-themed fiesta around Halloween.
Not only does Fiesta Clusters perfectly capture the spirit of these holidays with its visuals, but it also recreates their excitement with its thrilling Bonus features and gameplay.”
The post Party the Night Away in BGaming’s Fiesta Clusters appeared first on European Gaming Industry News.
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Big Time Gaming drops big scares in Castle of Terror II
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Provider’s bone-chilling slot is back for a second instalment and with bigger bonuses, bigger frights and even bigger wins
Think you are brave enough to return to the Castle of Terror? This lab experiment-horror sequel from Big Time Gaming is a bone-chilling adventure packed with electrifying features designed to give you the fright of your life.
This is a slot where players find themselves in a spooky lab where they must brace themselves for Bonus Respins that are triggered by landing Scatters. When they drop, they awaken monstrous reels with different Bonuses coming into play depending on where the Scatter lands.
This includes:
Brains – extra Brains land on the reels.
Alive – A random Win Multiplier is applied to all wins.
Shock – Wilds reveal Random Multipliers.
Monster – A random symbol becomes Wild on reels two to five
Horror – A random reel will be filled with Wilds.
If one or more Scatters appear during the Bonus Respin, the lab erupts into chaos, triggering 10 Free Spins for a spine-tingling time. But if two or three Scatters drop, the experiment escalates with another 10 Free Spins awarded.
During Free Spins, the Win Multiplier begins at 1x but mutates after every winning spin, amplifying rewards with each electrifying jolt. Free Spins also come infused with Bonuses, which collide to make each round terrifying and thrilling.
Depending on which reels the triggering Scatters landed, players might find that the machine gun surges again, granting four Extra Spins plus two more for each additional Scatter beyond the second.
For those who dare to take control, the Bonus Buy feature lets players pull the lever instantly. For 100x the stake, charge up 10 Free Spins with two bonuses, or for 300x, unleash 10 Enhanced Free Spins with three bonuses.
With Castle of Terror II, players get to step into the lab but must brace themselves… their creation may be more powerful than they ever imagined.
Nik Robinson, CEO at Big Time Gaming, said: “Castle of Terror II is a terrifying slot that’s not for the faint-hearted. Players find themselves in a spooky lab where creepy experiments take place, but if they can hold their nerve, there are plenty of bonus features to discover.”
“The action starts with the Bonus Respins and the various features that can play out across the reels. But the real experimental stuff happens in the Free Spins, where bonuses collide and big wins can emerge from the chaos.”
“Castle of Terror II really does put players on the edge of their seats with heart-stopping action and plenty of unexpected jump scares. Think you have what it takes to enter the Castle of Terror for the second time? There’s only one way to find out.”
The post Big Time Gaming drops big scares in Castle of Terror II appeared first on European Gaming Industry News.
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