SOFTSWISS is launching a new product to bolster lottery operations.
The iGaming technology company has teamed up with Turfsport to deliver Lotto Software, a solution that allows operators to provide consumers with an array of lottery number wagering options outside of traditional lottery organizers. SOFTSWISS has developed Lotto Software with Turfsport after acquiring a majority stake in the South African software provider.
Lotto Software provides solutions for both desktop and mobile users allowing players to place custom wagers on current and future markets. It also provides automated scheduling to place bets and result processing for streamlined operations for lottery organizers.
“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,” said SOFTWISS CCO Max Trafimovich. “With this new solution, operators can now offer their players a unique, reliable, and enjoyable experience. The SOFTSWISS Lotto Software is a game-changer for the lottery betting industry.”
Lotto Software allows SOFTSWISS to handle up to 80 bets per second while processing more than 3,000 wagering results per second. The software is designed to provide a solution for lottery organizers around the world with over 300 lotteries expected to use it.
Softswiss has debuted its new product as online lotteries continue to soar. In 2024, the online lottery market is estimated to generate more than $17.4 billion in revenue. In five years, that figure is expected to reach over $23 billion behind a CACR of roughly 5.7%.