British soccer enthusiasts expended over £240 million (or $289 million) on their cherished Three Lions squad during the 2022 FIFA World Cup, recent statistics from Worldpay have disclosed.
The England team’s five contests spearheaded payment action throughout the competition, with their match against France reaching a peak of a massive 11,000 transactions per minute (TPM) in the moments preceding the start of the game.
It’s not shocking to discover that public houses in England experienced a 200% surge in payments during the World Cup in Qatar, handling a colossal 60 million transactions compared to a standard Saturday evening, which typically sees approximately 20 million.
As expected, weekend evening games were the busiest times for wagering activity. The final between France and Argentina was the most bet-on game of the tournament, reaching a high point of 11,500 transactions per minute. This surge in bets saw £2.8 million in payments processed every minute, with a total authorized value surpassing £50 million.
The information also indicated that an astounding 67.8 million transactions were handled on game days across FIS’ (Worldpay’s parent company) leading vendors in the gambling sector, a substantial 30% rise compared to the 2020 European Championship.
“With the national football season ongoing, and the return of the domestic holiday fixture schedule, pubs and betting vendors will be anticipating a similarly prosperous few weeks ahead,” remarked Alex Morgan-Moodie, Director of Vertical Specialties at WorldPay, regarding the numbers.
In order to capitalize on this hectic time, it’s vital for wagering platforms to prioritize the development of a seamless and effortless payment process. This will be the deciding factor in retaining satisfied customers.”
GeoComply’s recent data reveals that the World Cup Championship was the second most frequented sporting spectacle for American gamblers in the current year.