Szerencsejáték revenue up 22% last year

Figures

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The revenue of Szerencsejáték rose 22% to HUF 701 billion last year, the state-owned lottery company said yesterday, according to napi.hu.

About HUF 490 bln of revenue was paid as winnings.

Szerencsejáték paid some HUF 131 bln into the central budget in tax, contributions, fees and dividends.

Turnover from sports betting increased 36%, and scratch-card sales rose 27%, but revenue from lottery games declined 5%.

Sports betting accounted for 54% of total revenue, generating more than half of the turnover for the first time. Sales were boosted by the European Football Championship and the Summer Olympic Games, as well as by the launch of virtual sports and e-sport betting.

CEO Alex Bozóky said Szerencsejáték's results provide "an adequate foundation" for the company to become "a modern, stable participant," active in the regional market, too, and prepared for the opening of the domestic online gaming market.

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