Earnings and profits of Russian bookmakers in 2020

Maxim Fomichev

How much bookmakers earn in Russia – report for 2020. Data on the profit of Russian bookmakers in 2020.

Fonbet is the leader in terms of profit among bookmakers in 2020. How much do betting shops earn in Russia?

Maxim Fomichev

By April 30, 2021, individuals and legal entities must submit financial statements to the Federal Tax Service for 2020. Almost all legal bookmakers have coped with this task by this moment. Therefore, we propose to calculate how much bookmakers earn by evaluating their revenue and net profit. And also compare their results with 2019.

How much did bookmakers earn in 2020: Fonbet is number one in terms of revenue and they have arrived!

The income of bookmakers in 2020 has grown. At least if we talk about the aggregate figure. If the BC revenue in 2019 amounted to about 208 billion then a year later – almost 238 billion! Growth by 14.5%. But it was a coronavirus year, in which the Euros, the Olympics were canceled and lockdowns were introduced. Seems like the bookies don't care. Although if you study the results thoroughly, the conclusions may be different.

Please note that for the majority, revenue means the total amount of deposits. Other offices have GGR (revenue after placing and calculating rates). For example, GGR is listed at Fonbet.

Fonbet became the absolute financial leader among legal bookmakers in 2020. She not only topped the bookmakers’ profit rating in 2020 (it was the same in 2019 and 2018), but also became the leader in revenue – RUB 52,188,345 million. Growth this year was 37,1% . The net profit of Fonbet in 2020 amounted to 23,297,824 rubles. This is more than 2/3 of the profit of the entire market (67,87%). We can say that Fonbet is almost a monopoly on the Russian market. It is not surprising that the bookmaker allows himself to sign partnership contracts with AC Milan, PSG and Real Madrid, as well as enter new regional markets. Also, the office was ranked first in its rating by Forbes.

Profit and revenue of bookmakers in 2020

All data are in millions of rubles

BC Revenue 2020 (million) Revenue 2019 Change % Profit 2020 Profit 2019 Change %
Fonbet 52 188 345 38 063 055 +37,1 23 297 824 19 396 312 +20,1
Winline 47 946 754 29 581 641 +62,1 3 989 677 2 606 959 +53,0
LigaStavok 41 822 398 49 464 788 -15,5 1 333 792 1 104 265 -17,2
Betboom 19 328 129 20 154 483 -4,1 1 194 512 480248 +148,7
Parimatch 15 425 856 7 601 379 +102,9 467140 397986 +17,4
Betsity 14 630 049 15 812 574 -7,6 123274 858839 -85,6
Olympus 13 594 015 10 499 086 +29,5 227347 426839 -46,7
1xBet 11 596 380 10 672 674 +8,7 4 455 117 5 605 495 -20,5
Baltbet 7 264 979 11 309 828 -35,8 -133540 -31454 -324,6
Marathonbet 4 062 345 2 671 337 +52,1 176637 40806 +332,9
Leon 3 871 127 4 068 721 -4,9 0 36527 -100
Mostbet 2 243 579 4 986 419 -55,0 -189405 -125609 -50,8
Melbet 1 733 280 132630 1207 -86911 -290015 +130,0
GGBet 524656 68781 +662,8 -283126 -51114 -453,9
Tennis 459110 467493 -1,8 65603 8520 +670,0
888.ru 241942 1 173 156 -79,4 52124 20927 +149,1
Pin-up.ru 237758 -5083
Bettery 85591 -27995 0
Zenith N/A 343822 N/A N/A 66188
bwin 509542 647139 -21,3 -146530 -63210 -131,8
Vulcanbet 88333 9738 +807,1 -186778 -60544 -208,5
Total 237 854 168 207 728 744 +14,5 34 323 679 30 427 965 +12,8

The profit of bookmakers in 2020 increased by 12,8% . But this jerkabout 3.9 billion rubles) – this is just the merit of Fonbet. Whose profit grew exactly by 3.9 billion rubles. The rest of the market remained more or less at its own.

The highest relative growth in revenue among bookmakers was shown by:

    +1207% (from 132 million to 1.733 billion)

  • Vulkanbet – +807% (from 9.7 million to 88.3 million) – +662,8% (from 68.8 million to 524.6 million); – +102,9% (from 7.6 billion to 15.4 billion).

Also, Vinline showed revenue growth ( +62,1% , +18.5 billion), Marathonbet ( +52,1% , +1.35 billion), Fonbet, Olimp ( +29,5% , 3.1 billion), 1xBet ( +8,7% , +750 million).

The total revenue of bookmakers in 2020 grew primarily due to the huge breakthrough of Winline.The office became the second most income and the third on the profit. Compared to 2018, the company's revenue increased almost 20 times from 2.6 billion to almost 48. Most likely, this is the effect of their contracts with Zenit, Spartak and Krasnodar, as well as a very generous bonus program. The Parimatch made approximately the same jerk (with 780 million to 15.5 billion). By the way, the second place in the market for profit among the bookmakers was taken by 1XTAKA with 4.45 billion. And despite the fact that in 2019 they earned more than 5.6 billion.

Fields in 2020 were: “Fonbet”, “1xstavka”, “Vinline”, “Betbum”, “Betting League”, “Parimatch”, “Olympus”, “Marathonbet”, “Betsiti”, “Tennisi”, 888.

Bookmakers arrived in 2020-growing leaders:

  • Tennisi – +670% (+56 million rubles);
  • Marathonbet – +332,9% (+136 million rubles);
  • «888» – +149,1% (+31 million rubles)
  • Betbum – 148,7% (+714 million).

The year was unsuccessful for the “betting league”. The income of the bookmaker fell on 15,5% . And in terms of revenue, the BC moved from the first position to the third. Profit also decreased to 1.104 billion rubles (falling on 17,2% ). This is even less than that of Betbum (1.194 billion). They also greatly sank Betsity, Baltbet, Mostbet. The financial statements of Leon indicate that the BC worked to zero in 2020. The revenue of the office remained about the same level.

By the way, Baltbet has been working at a loss for the second year in a row. And she sagged strongly in revenue. “Baltbet”, “Betsity”, “Mostbet” – degenerating offices. They have revenue for three consecutive years. At the same time, Betsiti very much lost in net profit for the 2020th-it decreased by almost 7 times and amounted to only 123 million.

Betsyti PPS, loss

Bwin and Vulcanbet left, GGBET in line? How much new BC earn

In 2020-21-gg, the Russian legal market left BWin and Vulcanbet. They entered a purely office working at a loss. If we take into account the current numbers, the earnings and profit of the BC, then the next in line should be ggbet.ru. 2020 was terrible for them:

  • GGBET has the greatest loss among all legal BCs – 283 million rubles;
  • Compared to 2019 GGBET loss grew in 4.5 times ;
  • GGBET revenue amounted to only 524 million rubles.

All this is doubly strange against the background of coronavirus. During the pandemic period, an increase in the number of rates for e -sports was repeatedly noted. And ggbet.ru – e -sports BC. Given the current position, the departure of this office from the market seems very likely.

Again, I worked in the minus and the BC Melbet. But the office significantly increased revenue (13 times) and reduced the loss by 2.3 times. Probably 2021 will be profitable for the office. It’s not good for other small BCs – Tennisi managed to seriously increase profits, and 888.ru successfully return and also work in a plus.

Among the newcomers of the market, BC Pin-up.ru showed itself better. The company debuted in October 2020 and in three months showed revenue 238 million rubles and only 5 million losses. Betteri has worse things. They launched in the summer, BC revenue amounted to 88 million, and a loss – 28 million. Probably affected the Pinap partnership with Dziuboy And an interesting bonus program.

Pin-up.ru Dziuba

Conclusion

In 2020, the Russian legal BC ran into coronavirus and new realities. So in the fourth quarter, amendments to the gambling law 244-F3 entered into force. They concerned targeted deductions (BC now pay 5% of revenue from bets on all events), ban on totalizers and bets on unsportsmanlike events. Despite all this, the market showed growth. The profit of bookmakers increased by 12,8% , and the revenue of BC – on 14,5%.

However, growth was primarily provided at the expense of Fonbet, Vinline, Parimatch and several other offices. On the market, highlight several categories of bookmakers:

  • Leaders: Fonbet, Vinline, Betting League;
  • Growing with a claim to leadership: Betbum, Parimatch, Olympus, 1XTAK;
  • Stopped in development: Leon, Betsyti;
  • Uplacing: Baltbet, Mostbet
  • Small, growing BC: 888.ru, “Melbet,“ tennisi ”;
  • Doomed: GGBET
  • Newcomers: PIN-UP.ru, Beteri.

Marathonbet so far we have not brought into any category. Rather, they should be attributed to stable. The “betting league”, although she sank in 2020, can still be considered a leader. Bet365 has just begun its work, so it is to beginners.

Even knowing how much bookmakers earn in 2020, the forecast for 2021 is difficult to do. On the one hand, in 2021 there will be many sporting events: Euro, Kopa, Olympics, Hockey World Cup, a full tennis season. On the other hand, in October, new amendments to the gambling law will come into force. A unified gambling regulator will be created and the scheme for targeted deductions is changed. But it is unlikely that 1 quarter will seriously affect the overall picture. Therefore, we take a chance to assume that the income of bookmakers in 2021 will also increase.

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