British football enthusiasts opened their purses wide during the 2022 FIFA World Cup in Qatar, shelling out a massive £240 million (nearly $300 million) to support their national team, as per statistics from Worldpay.
The Three Lions’ five games led the way in payment amounts, with the quarter-final match against France reaching a peak of 11,000 transactions every minute before the game began. The competition was a financial boon for public houses throughout England, experiencing a 200% increase in payments compared to a standard Saturday evening. More than 60 million transactions were handled, triple the usual figure.
As expected, Saturday and Sunday evening games witnessed the most significant betting action. The final, a tense match between France and Argentina, claimed the title for the most wagered-on game, reaching a frenetic 11,500 transactions per minute. This equated to a considerable £2.8 million processed each minute, with the overall sum exceeding £50 million.
FIS, the parent company of Worldpay, disclosed that its gambling merchants processed a total of 67.8 million payments on game days, a substantial 30% rise compared to the 2020 European Championship.
With the English football season in full flow and a bustling holiday period approaching, pubs and bookmakers will be anticipating the continuation of this spending trend.
The seamlessness of payment systems is paramount for these wagering platforms, particularly with the heightened interest surrounding the global football tournament. GeoComply’s figures underscore the magnitude of this event – it secured the second position in the US for wagering volume, trailing only the Super Bowl! A flawless user experience is essential for these companies to maintain customer satisfaction and encourage repeat engagement.”
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