SELAE has published its 2025 annual report, highlighting record sales of €10.58bn, up 1.87% year-on-year. Nevertheless, its profit decreased to €2.18bn, down 10.66% from 2024.
The operator attributed a drop in profit to an increase in prizes distributed, driven by large jackpots. These large winnings also boosted the sales of certain products. Therefore, the increase in revenue does not necessarily reflect an expansion of the business or a greater sales capacity.
The so-called "passive" lottery products accounted for 60.9% of total sales, while online ilotteries accounted for only 2.87%.
The Christmas Lottery sales reached €3.55bn, approximately one-third of the company's total sales.
Euromillions sales grew, while La Primitiva declined by 0.66%. Eurodreams, which was introduced in 2023, also recorded an 11.09% drop in sales.
The total profit earned during the year will be contributed to the state treasury.
SELAE has faced harsh criticism recently, as its lottery vendors are under increasing financial pressure from rising costs and static commissions that continue to erode profitability. Commissions have not changed significantly since 2002.
According to an economic analysis conducted by the National Association of Provincial Associations of Lottery Administrators (ANAPAL), over 44% of vendors are already at risk of financial difficulties.
At the same time, the lottery vendor network generates 77% of total lottery sales, and SELAE itself highlighted this network as one of its key strengths in its annual report.
Criticism is also mounting over SELAE's plans to develop a centralised online sales platform. Vendors fear this could effectively create a digital monopoly, excluding them from online sales, an increasingly important channel for their income.
Total Spanish online GGR reached €454.2m in Q1 2026, up 13.9% year-on-year but down 6.5% compared with the previous quarter
