Georgia's online gambling sector is growing at a high pace for the last few years. There are several major online gambling companies on the market, with an annual turnover of billions of GEL.
Online casino's Gross gaming revenue (GGR), also called game yield, is a key metric gambling and betting companies use. It reflects the difference between the amount of money players wager minus the amount that they win.
According to financial statements, the total income of 5 online casinos operating in the country amounted to GEL 1.2 billion in 2021.
5 out of 6 major online casinos have already published their 2021 financial report.
Among them, "Crystalbet" had the most considerable income of GEL 453 million, which was 25% more compared to the previous year, of which the net profit was GEL 196 million. Ajarabet takes the second position with a net profit of GEL 147 million, while Crocobet is on the third place with a profit of GEL 59 million.
