Independent tool by SOFTSWISS calculates costs for sports betting operations
The global tech provider, SOFTSWISS, has unveiled a groundbreaking tool designed to help operators estimate the costs of launching and running a sports betting business in 2025. The Sportsbook Budget Calculator is now available for free on the SOFTSWISS website, offering a comprehensive and accessible resource for businesses of all sizes.
This innovative online tool provides a clear and transparent view of the financial aspects involved in setting up and running a sportsbook. It categorises costs into three main areas: pre-launch expenses, operational costs, and revenue estimates. Pre-launch expenses cover licensing, development, and setup costs, while operational costs encompass platform costs, team salaries, marketing expenditures, and infrastructure expenses. Users can input projected revenue to gain a better financial overview.
One of the key features of the Sportsbook Budget Calculator is its customisable inputs. Operators can adjust variables such as legal setup fees, software acquisition costs, team size, and average revenue per user (ARPU) to tailor the projection to their business needs. The tool also offers a quick calculator mode for high-level estimates with just four inputs, making it suitable for both early-stage planning and more detailed budgeting.
Moreover, users can request a pre-populated spreadsheet for further analysis. The calculator generates a detailed 12-month financial outlook based on user input, providing a strategic foundation for operators to make informed decisions about launching or scaling their sports betting operations.
Victor Sekushenko, head of Sales at SOFTSWISS Sportsbook, stated, "The Sportsbook Budget Calculator aims to bring clarity to the process of launching a sportsbook. We believe that by offering this tool, businesses can explore new opportunities with confidence using a data-informed approach."
SOFTSWISS, with its 15 years of iGaming expertise, has consistently demonstrated its commitment to innovation and support for the industry. Previously, the company released the 'iGaming Software Playbook', a guide to building software from scratch or buying out of the box, as well as the 'iGaming in South Africa' market overview, and the annual 'iGaming Trends' report. With the Sportsbook Budget Calculator, SOFTSWISS continues to share its expertise and support the industry's growth.
In conclusion, the Sportsbook Budget Calculator offers a practical and accessible resource for operators, providing a transparent view of the costs involved in setting up and running a sports betting business. By using this tool, operators can make informed decisions, strategise effectively, and explore new opportunities with confidence.
- The Sportsbook Budget Calculator, a new tool from SOFTSWISS, offers a comprehensive and transparent view of the financial aspects involved in setting up and running a sportsbook.
- The Sportsbook Budget Calculator allows operators to adjust variables such as legal setup fees, software acquisition costs, team size, and average revenue per user (ARPU) to tailor the projection to their business needs.
- Users can input projected revenue to gain a better financial overview, and can also request a pre-populated spreadsheet for further analysis.
- SOFTSWISS, an experienced tech provider in the iGaming industry, believes the Sportsbook Budget Calculator will help businesses explore new opportunities with confidence using a data-informed approach.
- With the Sportsbook Budget Calculator, SOFTSWISS continues its tradition of innovation and support for the iGaming industry, following releases like the 'iGaming Software Playbook' and the 'iGaming in South Africa' market overview.
