for early access to the latest igaming videos!
and get the latest igaming news first!
Latvia’s gambling industry closed 2025 with total revenues steady at around €300 million, but the balance of power inside the market shifted sharply. Online gambling continued its fast growth, accounting for 57% of all activity, while traditional slot halls and table games lost ground.
Regulators noted that the change was not driven by new restrictions but by profitability: operators are finding stronger returns online, while physical venues struggle to maintain demand.
The figures show how quickly the market has transformed since 2018, when slot machines made up nearly four-fifths of revenue. By 2025, their share had dropped to less than 40%, leaving interactive play as the clear leader.
Online gambling grow, as traditional venues decline
Interactive gambling brought in €170.7 million last year, an increase of nearly 11% compared to 2024. Online casino games made up most of this, rising to €146.6 million, while online sports betting grew slightly to €20.8 million.
Card games, though in smaller scale, showed the fastest growth, jumping more than 30% to €3.2 million. The regulator highlighted that new licenses are still being issued, with one granted in September 2025, showing that demand for online play continues to expand.
Slot machines, which once led Latvia’s gambling sector, generated €115.8 million in 2025, down more than 11% from the previous year. able games such as roulette and cards fell to €10.8 million, a drop of 12%. Bingo revenue also fell, with numbers slipping to just €83,000.
The number of slot machines in operation fell sharply, with 4,047 machines active at the end of 2025, nearly 500 fewer than the previous year. Fourteen gaming hall licenses were also cancelled during the year.
Over €100m paid in taxes
Operators contributed €59 million in special gambling taxes and fees to state and municipal budgets, slightly below expectations. Other tax payments added another €55 million.
Twenty companies were active in Latvia’s gambling sector last year, with six running physical casinos and halls, three operating betting shops, and 17 offering online services.
The country is also planning major changes to its oversight and regulatory framework. The Gambling and Lottery Inspection will be merged into the State Revenue Service from April 2026.
Source: Baltijas Balss
