Georgia Gambling Turnover Hits GEL88.3B ($33.9B) in 2025
The new annual figures come from the National Statistics Office of Georgia’s October 1 update to its enterprise statistics. Total Georgian business-sector turnover stood at GEL253.7 billion ($97.4 billion) in 2025.
USD conversions use the National Bank of Georgia official exchange rate for October 1, 2026: USD 1 = GEL 2.6047.
Gambling Accounts for Almost the Entire Entertainment Category
Arts, entertainment and recreation generated GEL88.88 billion ($34.1 billion) in turnover during 2025. Gambling activities contributed GEL88.3 billion ($33.9 billion) of that total, or about 99.4%.
The longer trend shows both turnover and gambling’s share of the wider business sector moving higher:
| Year | Gambling turnover | Share of total business turnover |
|---|---|---|
| 2023 | GEL64.3bn ($24.7bn) | 31.2% |
| 2024 | GEL76.6bn ($29.4bn) | 32.3% |
| 2025 | GEL88.3bn ($33.9bn) | 34.8% |
The historical figures are available in Geostat’s gambling and betting statistics.
The 34.8% figure is a share of reported business-sector turnover, not a contribution to GDP. Its denominator is total enterprise turnover under Geostat’s methodology, so it should not be read as gambling producing more than a third of Georgia’s economy.
There is another important distinction behind the numbers. Geostat does not use turnover here as another name for operator revenue or GGR. For gambling businesses, it reflects the total value of bets placed. The same money can therefore pass through the betting cycle more than once.
GEL88.3 billion ($33.9 billion) in 2025 should not be read as the amount operators earned or players deposited.
H1 2026 Is Already 15% Ahead
The first half of 2026 suggests that activity has not slowed. Geostat’s quarterly data for the broader arts, entertainment and recreation category shows:
- Q1 2026: GEL22.82 billion ($8.76 billion);
- Q2 2026: GEL24.59 billion ($9.44 billion);
- H1 2026: GEL47.41 billion ($18.2 billion);
- H1 2025: GEL41.22 billion ($15.8 billion).
By 15M’s calculation, the category therefore grew about 15.0% year on year in H1 2026.
A simple doubling of the H1 2026 figure gives a full-year run-rate of roughly GEL94.83 billion ($36.4 billion), around 6.7% above the category’s GEL88.88 billion ($34.1 billion) result for 2025.
What the H1 Numbers Do (and Don’t) Show
That is not a Geostat forecast, and it should not be treated as a gambling-only forecast either. It is a straight-line comparison that ignores seasonality. Gambling’s 99.4% share of the category in 2025 nevertheless makes the quarterly series a useful proxy for the direction of the market.
The domestic turnover figures are also separate from Georgia’s newer foreign-facing iGaming framework. That regime only recently moved into its banking and payments stage, with local banks beginning operator onboarding and MCC 7995 acquiring becoming available under the new permits, as 15M reported in September.
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