With a us$ 339 million revenue and us$ 153 million profit
Record year for Israel sports betting board
2007-01-10
Reading time 25 seg
Revenues for 2003 were us$ 160 million. In 2004 revenues grew to us$ 210 million, and in 2005 the ISBB crossed the Billion Shekel barrier.
In the past year approximately 55 per cent of revenues (us$ 185 million) was returned to the public as prizes, while the ISBB's profit stood at 45 per cent (us$ 153 million). "The excellent business results will allow us to grant us$ 118 million to the Israel sports activities. These funds were allocated to some 3,000 sports organizations throughout Israel and are also earmarked to advance infrastructure projects and to support Olympic Sports", said Shaul Schneider, the ISBB Director General and CEO.
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