Gambling companies generated GEL 3.5 billion in revenue in 2025, not GEL 88 billion, according to Giorgi Mamulaishvili, head of the Gambling Business Association, who clarified the difference between industry turnover and actual revenue.
Geostat reported that gambling sector turnover reached GEL 88.3 billion in 2025, up by GEL 12.2 billion year-on-year, while turnover in the first half of 2026 totaled to GEL 47.3 billion.
Mamulaishvili told TV-program Business Course, that turnover does not represent companies’ income. Citing Geostat data, he said the sector’s gross gaming revenue (GGR) amounted to GEL 3.5 billion in 2025. After operating expenses and nearly GEL 2 billion in taxes, the sector’s net profit was less than GEL 1 billion.
He criticized what he called misleading comparisons between turnover and profit, adding that the gambling industry makes a significant contribution to the state budget and other economic sectors.
