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density of the betting offices accepting bets
There is less than one betting office accepting bets in Russia for every 10 000 adults. However, in the UK the betting market is one of the most developed in the world and this index reaches 2, 2 points.
There is less than one betting office accepting bets in Russia for every 10 000 adults. However, in the UK the betting market is one of the most developed in the world and this index reaches 2,2 points.
number of betting offices accepting bets in Russia
Within three years, from July of 2012 to July of 2015, the number of registered betting shops in Russia has more than doubled and exceeded 5800. The peaks of this growth occurred in the second halves of 2012 and 2013 respectively. Within the last year the betting shops expansion rate has somewhat slowed down.
Financial experts estimate the Russian licensed betting business financial turnover at 8 billion dollars per year. The betting profit is from 800 million up to 1 billion dollars. The current forecasts predict further growth in the betting business turnover up to 20 billion dollars in the next 5 years. The rapid jump is observed due to the fact that the betting business is currently the only legal kind of gambling in Russia. The increase in the betting turnover is also linked to the development of sports betting culture and the massive shift of the players towards the modern and demanded betting products (terminals, websites and mobile applications).