Gambling and Betting Businesses Double Their Revenue in 10 Years

Total Croatia News

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Source: Pixabay
Source: Pixabay

In 2019, there were 70 gambling and betting businesses, their revenues totalled HRK 4.1 billion and their expenses HRK 3.2 billion.

The profit of those businesses amounted to HRK 799.1 million in 2019 and their losses to HRK 71.7 million, resulting in a net profit of HRK 727.4 million.

FINA’s data show that over 10 years, gambling and betting businesses operated at a loss only in 2010, when their net loss was HRK 21.6 million. From 2011 to 2019 they posted a net profit.

The highest net profit, of HRK 727.4 million, was generated in 2019, which is ten times more compared with the lowest net profit in 2011 (HRK 72.9 million).

The highest total revenue in 2019 was generated by Super Sport (HRK 847.4 million) and Hrvatska Lutrija (HRK 636.8 million). The highest profit was posted by Super Sport (HRK 432.32 million) and Hattrick-PSK (HRK 156.62 million).

In the period from 2010 to 2019, 2017 saw the lowest number of gambling and betting businesses, 64, while 2010 saw the highest, 92.

The highest number of employees in that sector was registered in 2019 (6,749), and the lowest in 2015 (5,254).

The average monthly net salary in the gambling and betting sector was HRK 5,872 in 2019, and it was 48.2% higher compared with 2010, when it was HRK 3,963.

The most gambling and betting businesses were based in the City of Zagreb (36), followed by Primorje-Gorski Kotar (9) and Split-Dalmatia counties (8), while the fewest businesses in that sector were in Međimurje, Osijek-Baranja, Karlovac, Sisak-Moslavina, Zadar and Zagreb counties (1).

For more on Croatian entrepreneurs, doing business in Croatia and more, follow our business section.


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