Latvia 2026 gambling revenue grows 5.6% to €230.8m in first nine months

The Latvian gambling market recorded €230.844m ($260.1m) in net revenue for the first nine months of 2026, according to operational statistics published by the State Revenue Service (VID) on 4 November. This was 5.6% above the equivalent 2025 period, adding €12.392m to the market total.

Online play supplied €138.530m, up 12.9% year-on-year. Its share of total revenue increased to 60.0% from 56.2% a year earlier. Online casino games accounted for €119.556m, up 13.8%, with online betting contributing €16.553m, up 8.3%. Online card games generated the remaining €2.421m, a 2.5% increase.

Land-based gaming showed the opposite trend. Gaming machine revenue fell 4.0% to €82.289m and casino table revenue declined 3.0% to €8.131m. Betting shops rose 10.9% to €1.842m, although their contribution remained below 1% of overall revenue. Bingo halls contributed €52,000, down 17.5%.

The figures show growth in each of 2026's three quarters. Total revenue increased from €72.862m in Q1 to €77.752m in Q2 and €80.230m in Q3. The online segment rose from €44.100m to €47.021m and €47.409m over those same quarters. VID's figures are net of winnings paid to players; they are not operators' after-tax profit.

Latvia had 3,901 gaming machines in operation at the end of September, 274 fewer than a year earlier. Its number of gaming halls also fell from 166 to 159, while the number of casinos remained at two. 

The report counts 21 operators active in the market, 19 of which provided online gambling. The channel counts overlap because some operators offer more than one form of gambling.

Fiscal receipts grew faster than market revenue. The interactive gambling tax rate rose from 12% to 15% at the start of 2026. Gambling tax collections reached €41.795m, an increase of 19.8% year-on-year. 

Taxes and fees from gambling, lotteries and related activities totalled €50.898m for state and local budgets, up 15.5%. That figure was 2.4% below the €52.154m budget plan for the nine months.

In March, Latvia approved the transfer of gambling oversight to VID, which took effect in April. Licensing, compliance and inspections now sit within the revenue service alongside tax administration.