FIFA World Cup Turnover Generates €136bn
The FIFA World Cup in Russian was deemed by all to have been a major success both on and off the field. FIFA in conjunction with their service provider Sportradar have successfully managed to ensure that the integrity of the games is maintained both in domestic and international fixtures.
Following the conclusion of the FIFA Work Cup in Russia, it has been concluded that total global betting turnover was €136 billion with no match manipulation been detected. The average match for the 21st FIFA world cup was €2.1 billion with the final between Croatia n France generating around €7.2 billion. Not surprising Croatia had the highest average betting turnover per match with opening odds of 34.0 based mainly on their underdog status.
Sportradar Fraud Detection System was responsible for monitoring over 550 betting operators globally. This was part of FIFA’s measures aimed at preventing match manipulation prior and during the FIFA 2016 World Cup. According to the findings of SportRadar no matches at the FIFA 2018 World Cup were found to be suspicious of betting fraud and match manipulation.
Bookmakers like Paddy Power and Betfair announced increased profits for Q2 boosted mainly by increased revenue from the World Cup. Other major operators like Kindred and French National regulator Arjel also confirmed increased revenues due to the FIFA world Cup.