In 2023, the leaders in the gambling sector in Ukraine earned UAH 54.92 billion, which is 28 times higher than in 2022. The top 10 includes 9 online casinos, two of which are engaged in betting activities, as well as 1 lottery operator. It is reported by Opendatabot, UNN.
Details
The top 10 gambling businesses included 9 online casinos, two of which offered both bookmaker services and 1 lottery operator. In 2023, all companies from the top 10 were profitable.
The leaders of the gambling industry in Ukraine earned UAH 54.92 billion last year, which is a significant increase compared to the previous year, when their revenues amounted to only UAH 1.94 billion. Thus, in 2023, the top 10 gambling companies increased their revenues 28 times compared to the previous year.
The leader was SpaceX (also known as Cosmolot), and Favbet (also known as FAVBET) recorded the largest increase in profits - 425 times.
Cosmolot's revenue increased 51 times, reaching UAH 27.95 billion. And FAVBET increased its revenue 425 times, earning UAH 9.79 billion. This is the largest increase among all gambling companies included in the Index.
- "Ukr Game Technology (PIN-UP brand) earned UAH 3.62 billion.
- "Slots U.S.A., which owns the SLOTOKING and 777 online casino brands, increased revenues 103 times and earned UAH 3.4 billion.
- "Vbet (VBET brand) earned UAH 3.1 billion, increasing revenue 19 times compared to 2022.
- "Last year, GameDev (SLOTS CITY brand) increased its revenue to UAH 2.5 billion, which is 35 times more than in 2022.
- "First Element (F1RST brand) increased its revenue 43 times and earned UAH 2 billion last year.
- Limon (ChampionCasino brand) earned UAH 1.42 billion, which is 357 times more than in 2022.
- Nate's APPS (Super Gra brand) increased its revenue 55 times and earned UAH 604 million.
The Ukrainian National Lottery (UNL) was the only lottery operator to enter this top. In 2023, its revenue increased by 2.5 times compared to the previous year and amounted to UAH 516 million. UNL is owned by a Chinese company.
Recall
President Zelenskiy held a meeting to discuss the regulation of online casinos and the preparation of steps to tighten control over the industry.