OpenBet has revealed that it processed just over half a billion transactions across its sportsbook platform during last week’s Cheltenham Festival.

The platform, content and service provider to the sports betting industry explained that the annual four-day national hunt racing meeting produced an ‘exponential’ amount of activity.

Highlights amongst OpenBet’s customers included more than 65 million bets being processed and average stakes of £7.84 for singles in all Win & Each Way markets.

Jordan Levin, CEO at OpenBet, commented: “I am thrilled with the success that our OpenBet teams and customers achieved during the iconic Cheltenham Festival. The world’s leading sports betting brands rely on our people and technology for exceptional entertainment experiences at the biggest events in the sporting calendar.”