Latvia’s Online Gambling Revenue Rises 12.9% to €138.5 Million

Latvia’s online gambling revenue increased 12.9% year-on-year to €138.53 million in the first nine months of 2026, according to State Revenue Service (VID) data reported by local media.

Total gambling revenue rose 5.6% to €230.84 million. The figures represent revenue after player winnings, rather than total stakes or operators’ net profit. 

Online products generated approximately 60% of the market’s revenue, compared with 56.2% a year earlier, extending the sector’s shift towards digital channels.

Online Casino Leads Growth

Online casino revenue reached €119.56 million, up 13.8% year-on-year. The category accounted for approximately 86% of online gambling revenue and more than half of the overall market total.

Online betting contributed €16.55 million, an increase of 8.3%, while online card games generated €2.42 million, up 2.5%.

The stronger online performance more than offset falling revenue from the largest land-based categories. 

Land-Based Machine Revenue Declines

Gaming-machine revenue fell 4% to €82.29 million during January-September. Revenue from casino table games declined 3% to €8.13 million.

The physical estate also contracted. The number of gaming machines decreased by 274 year-on-year to 3,901, while gaming halls fell from 166 to 159.

Retail betting moved against the broader land-based trend, with revenue increasing 10.9% to €1.84 million. Bingo-hall revenue declined 17.5% to approximately €52,000. 

Tax Receipts Outpace Market Growth

Gambling tax receipts increased 19.8% to €41.8 million, according to the reported figures.

The increase followed a rise in the interactive gambling tax rate from 12% to 15%, effective January 1, 2026. Latvia’s Finance Ministry and the current legislation confirm the higher rate. 

The tax change means the faster growth in government receipts should be assessed alongside both expanding online revenue and the higher proportion collected from that activity.