The Belgian Gambling Commission has published its 2025 annual report, showing broadly stable gross gaming revenue (GGR) of €1.62bn. This represents a marginal 0.1% decline compared with 2024.
Online GGR rose 5.41% year-on-year to €964.4m for 2025, while the land-based sector fell 7.17% to €656.1m.
Online GGR reversed the decline recorded for 2024, when it fell by 2.70%. Despite last year’s drop, the online market had grown by 60% between 2020 and 2023, including an 18% increase in 2023 alone.
Within the online segment, casino games recorded the strongest growth, with GGR increasing by 13% to €554.11m. Online betting also recorded growth, with GGR rising 5.2% to €244.6m.
Online slots, however, moved in the opposite direction, with GGR falling 13.7% to €165.7m.
Casinos were the only land-based vertical to grow, with GGR up 5.85% to €152.28m. Gaming halls, which operate slot machines and similar games of chance, saw GGR decline by 4.17% to €184.74m.
GGR from newspaper agents, betting shops and hippodromes fell 6.60% to €123m.
Last week, Belgium introduced a new regulatory framework for betting in betting-enabled newsagents, restoring rules governing Class F2 licensees following a legal gap that had prevented the Belgian Gambling Commission from processing licence applications and renewals.
The Royal Decree limits betting-enabled newsagents to four betting terminals or computer applications and permits bets between 6am and 8pm. Annual stakes cannot exceed €250,000, while betting may account for no more than 20% of a betting-enabled newsagents' annual turnover.
In 2025, the Commission asked Meta to remove more than 8,500 illegal gambling ads misusing licensed Belgian operators’ brands
