Russia and Eastern Europe have emerged as one of the world's major game markets (exclusive report)

The Russian game market has been tagged as “emerging” for a long time. But figures show that it has arrived and is bigger than most realize, with $2.3 billion in total Eastern European regional revenues this year, according to a new report by market researcher Newzoo.

Game revenues in the region are expected to rise 13.3 percent in 2014. And the Russian Federation’s revenues are expected to be $1.14 billion in 2014, placing it 12th among countries worldwide. Poland is No. 23 with $279.6 million in revenues, followed by Romania at $122.3 million, Ukraine at $118.6 million, and the Czech Republic at $117.8 million, according to Newzoo. Such revenues place Eastern Europe as a big part of the global games business.