Widely acclaimed software developer SOFTSWISS Jackpot Aggregator has presented the Q2 2023 operating results of its popular online solution. According to the company, the total amount wagered on the Jackpot Aggregator platform of the studio exceeded the first quarter handle by as much as 41%.
EUR 1,357 Billion Handle:
The aggregation of jackpot bets placed in jackpot games testifies about the volume of Jackpot Aggregator’s operations and indicates the extent of the platform’s popularity among the worldwide player community. The status acquired in the online casino industry reflected in multiple B2B and B2C partnerships and the increased visitors to the casinos offering the advanced jackpot solution. Also, such a status resulted in Q2 2023 in a handle totaling to EUR 1,357 billion to exceed the previous quarter for almost 1.5 times.
Innovative Approach Boosts Partnerships:
The fact that SOFTSWISS represents an experienced gambling software company speaks volumes about the history of advanced solutions developed in its studio and the approach taken by the product team as far as new developments are concerned.
Indeed, the company reports that the subject quarter marked a 36% increase in the number of casino partners using the SOFTSWISS solutions than in the first quarter of 2023. The count reportedly arrived to the number of 55 partners and brands using Jackpot Aggregator in the observed quarter, but the counter has still be continued at a steady pace.
41% Bets Sum Increase:
Commenting on the recent results, Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, said : “The second quarter of 2023 has been a successful period for the Jackpot Aggregator, as evidenced by the remarkable increase in both the jackpot bets sum and the number of clients and their brands. We take pride in delivering beneficial service, which is highly appreciated by our clients, and launching unique jackpot campaigns that contribute to our clients’ business growth and enhance their online casino performance.”
Active Growth and Integration:
In Q2 2023, such unique jackpot campaigns made 55 brands opt for the SOFTSWISS solution. Douhin added: The Jackpot Aggregator is experiencing active growth, and we are constantly innovating our solution – recently, we introduced Time-based Jackpots and Baby Jackpots. Also, we are currently in the final stages of integrating with the SOFTSWISS Game Aggregator and introducing new features.”
iGB L!VE 2023:
While awaiting the new developments that will surely be the result of the soon integration with SOFTSWISS Game Aggregator, the SOFTSWISS Jackpot Aggregator will be awaiting visitors at stand P22 at the upcoming iGB L!VE 2023. This exciting gaming event is taking place between 11 and 14 July at RAI Amsterdam in the Netherlands.
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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