Best bookmakers of 2020

Publication date: 16 Dec 2020

Best bookmakers of 2020

The award ceremony for the most successful representatives of the gambling sector “Login Casino Awards 2020” took place on 16 December 2020. In the Betting category, the following nominees received the largest number of votes: «Best Betting Company of 2020»:

1. Parimatch
2. 1xStavka
3. MelBet

«Best Betting / Poker Product»:

1. VBET
2. BETBY and BetInvest Ltd
3. Evenbet Gaming

In the Poker category, the best poker rooms for novices in 2020, according to players, are:

1. PokerMatch
2. Vbet Poker
3. Grompoker

In the eSports category, awards for contribution to the development of eSports were given to:

1. VBET
2. Parimatch
3. Ukrainian Electronic Football Association (UAEF)

TOP Russian bookmakers: who earned the most

Forbes has analyzed activity of bookmakers for the previous 2 years. Three legal leaders of the Russian market gained the largest profit from online betting. Ten betting operators earned 188.8 billion rubles in 2019, 67 billion rubles more than in 2018. In 2020, revenues of bookmakers fell by 10%.

1. The Fonbet bookmaker was ranked first. The company’s revenue increased by 58% and amounted to 38,063.6 million rubles in 2019.
2. The 1xStavka bookmaker—with the revenue of 10,672.7 million rubles and a 50.7% year-on-year increase—took second place. As of this year, 1xStavka has a client base of 1.67 million registered users.
3. The Liga Stavok bookmaker had revenue of 49,464.8 million rubles in 2019—significantly more than the above-mentioned bookmaker. The company, however, got only 1.01 points in terms of business efficiency (1xStavka earned 20 points) their annual revenue increased by 37% year-on year. Given the complex approach of the analysts, Liga Stavok was ranked third.

A record in terms of revenue growth was set by the Parimatch bookmaker. The company’s revenue surged by 868% in 2019. In 2019, net income of all bookmakers whose activity was analyzed by Forbes amounted to 32.2 billion rubles. In 2020, they were expected to experience a 30-50% drop in their net income, but by the end of November, it fell by just 10%. It is worth noting that bookmakers often sponsor sports teams and tournaments. Russian bookmakers also pay regular mandatory contributions to local sports bodies. Russia’s Ministry of Finance has recently announced a twofold increase in the size of these contributions. This decision might force some bookmakers to leave the industry or limit the variety of sports they accept bets on.