Darina Denisova: Russian betting business should grow with the global market
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The perspectives for the global sports betting market are very encouraging. The growth of the bookmaking industry, including in Russia, can be called one of the most impressive in the entire global business environment. This was stated by the President of the Russian Self-Regulatory Organization (SRO) «Association of Betting Companies» Darina Denisova, commenting on the results of the study of consulting company Zion Market Research.
Participants in the Russian betting market have carefully studied the new report of the company, whose main goal was to give a detailed forecast of the development of the betting industry up to 2024. If in 2017, experts estimated growth of the global betting market at $104 billion, by the end of 2024, their forecast figure was already $155.4 billion.
«CAGR at least 8% between 2018 and 2024 seems quite realistic, – Darina Denisova said. – Of course, it is necessary to take into account many different factors of market behavior, which often depend on the predictability of regulating state bodies. But on the whole, the global betting industry is indeed experiencing a period of most active development».
Exactly the legislative problems the authors of the research call as one of the main obstacles to the growth of the market. For Russia, this issue is also relevant and, according to Darina Denisova, it is the prudence of local legislators and regulatory bodies that is almost the main condition for the development of the Russian segment of the global betting industry.
The authors of the analytical report also believe that such a serious projected growth in the market growth can be explained by the real digital revolution, which allows the online betting segment to become a leader in the classic bookmaking industry.
Agree. Now we are witnessing a real breakthrough in operating technologies of bookmakers. Enormous business opportunities are provided to those bookies that are willing to invest resources in the development of their platforms. For Russian bookmakers, this is no less important than for foreign brands», the President of the Russian SRO summarized.
Source: Latest News on European Gaming Media Network
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