Russian Sports Betting Market – An upcoming giant on his way

20 Jun 2017

Russian Sports BettingRussia is set to host the football (soccer) World Cup 2018, one of the most high profile events all over the world. Quite logically, it is projected to attract a number of important sponsors and investors. The International betting operators stand ready to enter the local market.

Russia’s licensed sports betting market is going to double its professional activity over the next five years.

Russia's regulated market deals with €9.4 billion every year, an amount that is projected to increase up to €20.03 billion. Currently the Russian market is raking in €62,6 million and is believed to double up until 2020.

On 2014 the legislation regulating sports came into force, along with a huge push to transition the iGaming landscape from illegal licensed. Despite the lawmaker's efforts though,  almost 65% of total online betting is still wagered at the illegal market.

For this reason alone, the Russian government has taken stern measures in order to prevent unregulated sites from operating in Russia.

Following this direction, a Bill is scheduled to be introduced that would prohibit the use of VPN and will force internet services providers to block unlicensed betting sites.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

After a week off due to national team fixtures the English Premier League returns to action, and what a better way to do start matchday 9 than with th...

Read more »

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

LATEST BOOKMAKER PROMOTIONS