The FTSE 250 company said it raked in £15.9m, from the international football tournament, around double the amount it made from Euro 2012.
Breon Corcoran, chief executive officer, said the group's customer base increased by 65pc during the tournament.
"Betfair's ongoing product innovation and marketing investment led to an excellent quarter against all key metrics, with continued momentum in sustainable revenues and customer numbers enhanced by a strong World Cup," he said.
He added that the group faced "challenges" in its new investments in New Jersey online casino and Italy, but said the group "remains confident that we can deliver our expectations for the full year".
Sports betting, Betfair's biggest business, posted a 30pc rise in revenue to £83m in the first quarter. Gaming sales meanwhile soared 45pc to £19.8m and revenues from Betfair's US business climbed £14pc to £14.2m.
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