RUSSIA

Russian tote industry generates €2 million a year

According to General Director of Russian Hippodromes JSC Dmitry Zaitsev, the total volume of tote betting is 150 million rubles a year (€2 million). The information was announced at the opening of the horse racing season event.

According to Zaitsev, despite the fact that the tote is considered a gambling, in fact it is rather an opportunity to donate part of the money for the maintenance of horses via betting. The expert also mentioned that the volume of bets on horse racing in Russia is 150 million rubles a year.

Dmitry Zaitsev has also announced plans to launch online betting and expressed the assumption that this would significantly increase profits. Earlier it was reported that the industry may increase by another 100 million rubles with the launch of interactive bets.

 

 

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