Russia Online Gambling Market Overview, 2028

Russia Online Gambling Market Overview, 2028

Popular attractions such as the Russian Premier League make legal sports betting in Russia a daily activity. Russia is home to some of Europe's most powerful football clubs, making it a popular destination for sports betting. For all Russian sports bettors, legal betting sites offer a plethora of betting lines, odds, and wager types. Regardless of the country's legislation, these sites are accessible throughout Russia. Betting on sports in Russia is simple thanks to the numerous options available. The best thing about these legal sports betting sites in Russia is that they can be accessed without visiting a land-based betting operator. From the comfort of your own home, you can sign up, create an account, deposit funds, and withdraw funds from your betting account. These sites are also compatible with most mobile devices, allowing for on-the-go sports betting in Russia. Sports betting have never been simpler than it is now, thanks to these legal betting sites. For all major sporting events in Russia and around the world, online sportsbooks offer the same, if not better, odds and betting lines. In Russia, sports betting are legal in four regions: Altai, Krasnodar, Kaliningrad, and Primorsky. These areas serve as the primary hubs for all gambling in the country. Russia sports bettors in all regions will be able to bet on their favourite sports with ease thanks to online sportsbooks. There are online sportsbooks available throughout Russia, and there is no need to travel to a regulated region to bet on sports. All bettors in Russia must be at least 18 years old, according to Russian law. This law is also enforced by legitimate online sportsbooks. Sports betting are legal in Russia as long as you are of legal betting age.

According to the research report, “Russia Online Gambling Market Overview, 2028” published by Bonafide Research, the Market is projected to add USD 3.12 Billion from 2023 to 2028. In Russia, legislation centred on sports betting was passed in the summer of 2020. Within this new framework, which was approved in its final readings, the country permitted tax wagers made through international internet sportsbooks. Furthermore, wagers on sports matches associated with Russia are not permitted. However, that rule applies to the sportsbook rather than the bettor. Several sporting leagues in Russia are gaining popularity in the sports betting industry. Russia is home to the Russian Premier League, the VTB United League for basketball, and the Kontinental Hockey League for ice hockey (KHL). Sports bettors place wagers on these leagues and many others on a daily basis. These sports leagues account for the majority of the betting market in Russia, and online sportsbooks offer betting odds for all games throughout the season. The Russian sports betting market is one of the largest in the world, and there is no shortage of leagues to bet on.

The revenue generated by sports betting in Russia is invested in the regulated areas where sports betting is permitted. Sportsbooks in Altai, Krasnodar, Kaliningrad, and Primorsky all generate tax revenue for their respective regions. This money is distributed to local governments for use in schools, public transportation, and a variety of other purposes. There is also revenue returned to the country's capital and distributed to the rest of the country. The majority of tax revenue, however, goes to local governments. Because online sportsbooks are based in other countries, their revenue does not flow to Russia. The best thing about online sportsbooks is that they allow Russian sports bettors to wager on sporting events and leagues from all over the world. Russian sports bettors can participate in the Australian Open, Italy's Serie A Champions, or the NBA playoffs in the United States. In Russia, you can find betting lines for any sport you want to bet on.

Based on gaming type, the market is divided into sports betting, casinos, poker, bingo, and lottery. Among them the sports betting is dominating the market of online gambling in Russia. Casino online gambling is banned in Russia. Russia has a strong sporting culture, and many Russians are enthusiastic about sports like football, ice hockey, basketball, and boxing. Sports betting is thus a natural fit for Russian gamblers, who frequently want to bet on their favourite teams and players. While online gambling is generally illegal in Russia, sports betting is permitted under certain conditions. As a result, a legal framework has been developed that allows sports betting operators to offer their services to Russian customers. Other forms of online gambling, such as casino games and poker, are not permitted. With the rise of online sports betting, Russian gamblers can now place bets from the comfort of their own homes.

Based on device type, the market is segmented into mobile devices (phone and tablets and desktop). Among the mobile devices are expected to dominate significantly in the online gambling market of Russia. The number of smartphone users in Russia has rapidly increased in recent years. This has created a large market for mobile gambling operators to enter, as well as made it easier for people to access online gambling services via mobile devices. To encourage users to gamble on their mobile devices, many online gambling operators in Russia offer mobile-specific promotions and bonuses. Free spins, cash back offers, and other incentives that are only available to mobile users are examples of these promotions. Because of advancements in mobile technology, online gambling operators can now create mobile-specific apps and websites that provide a better user experience than desktop sites. These mobile platforms are frequently optimised for smaller screens, have faster load times, and provide simple navigation and user interfaces.

Considered in this report
• Geography: Russia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Russia Online Gambling market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Game Type:
• Sports Betting
• Casinos
• Poker
• Bingo
• Lottery
• Others

By Distribution Channel:
• Mobile Devices (Phones and Tablets)
• Desktop

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Online Gambling industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.