Russian bookmakers recorded approximately RUB1.2 trillion (US$18 billion) in bets in 2018, according to local media.
The figure is understood to apply to not only licensed but also unlicensed bookmakers.
According to the publication, in 2018 Russians spent 70 percent more on betting than the year before.
Representatives of the leading bookmakers - Liga Stavok, Parimatch, and Bwin - agreed with the assessment that last year was record-breaking for the Russian betting market.
During the World Cup alone Russians placed RUB 250 billion with licensed bookmakers.
The size of an average bet was RUB1,500 rubles, and 4.7 million people made a bet on sports in Russian at least once last year.
Fonbet was the clear market leader in the year, accounting for 45 percent of punters, while 1x Bet took 20 percent. Liga Stavok took 18 percent and Leon came in last at 16 percent.
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