gambling industry

Serbia betting and gambling profits near €100 million as state receipts rise in 2025

Serbia’s gambling and betting industry generated combined net profits of approximately RSD 11.3 billion, or around €96.6 million, during 2025. The total represented a decline of more than 20% compared with the previous year, according to figures cited from financial statements. The data also points to the sector’s growing role as a source of fiscal revenue for the Serbian state. Financial statements analyzed for 25 betting and gambling operators indicate that the market remains highly concentrated. A small number of…