State-owned lottery company revenue surges past HUF 1,200 billion in 2024

In 2024, 7,196 players won prizes worth over HUF 1 million, with multiple jackpot records broken

Hungary’s state-owned lottery and betting company, Szerencsejáték Zrt., reported its highest-ever annual revenue in 2024, reaching HUF 1,235.8 billion, a 26.1% year-on-year increase, with net profits climbing above HUF 50 billion and daily payouts to players surpassing HUF 2.5 billion.

Key Financial Highlights from 2024

  • Net sales revenue: HUF 1,235.8 billion (+26.1% YoY)
  • EBITDA: HUF 57.6 billion
  • Net profit: HUF 50.3 billion
  • Total annual prize payouts: HUF 929.5 billion
  • Contributions to state budget: HUF 178 billion (+4.6%)

The company’s pure gaming revenue, excluding payouts, rose 12.1% compared to 2023. In addition, Szerencsejáték Zrt. contributed significantly to public funds via taxes, fees, and dividends.

Online betting drives growth, traditional sales remain strong

Szerencsejáték Zrt. reported a more than 50% increase in interactive (online) sales, driven by continuous improvements to its digital platforms. However, traditional retail channels, including Hungarian Post, Lapker, charitable networks, and lottery partner shops, still generated nearly two-thirds of total revenue, growing nearly 10% year-over-year.

Record-breaking jackpots and new game launches

Szerencsejáték Zrt. reported 7,196 million-forint winners in 2024, including the Ötöslottó jackpot won twice, Scandinavian Lotto and Kenó saw record-breaking top prizes, and the launch of ”Napi Mázli”, a new daily number-based game, the first launch in over 20 years.

SEE ALSO | First eMAG showroom outside Romania opens in Budapest

latest

Another Chinese industrial giant to establish its European headquarters in Hungary

Chinese industrial giant Halms, a subsidiary of the Huashou Group, has announced plans to establish its European headquarters in...

Revenue up, profits down! SPAR Hungary’s mixed 2024 performance

In 2024, SPAR Hungary generated HUF 924.4 billion in net revenue, marking a 4.7% increase from the previous year’s...

Budapest’s housing market rebounds: prices surge, residents relocate

Budapest’s real estate market made a strong comeback in 2024, but soaring prices are prompting thousands to pack up...