Growth of Online Gambling in Slovakia: Trends, Regulation, and Prospects

Rise of Online Gambling and Decline of Land-Based Sector

According to the report from Slovakia’s Gambling Regulatory Authority (URHH), online gambling experienced rapid growth in 2024, increasing by 30% to reach €476 million. This is driven by advancements in digital technology, changing consumer habits, and effective state regulation. At the same time, total player spending amounted to €24.2 billion, up 11% from 2023.

Despite the overall industry growth, the land-based sector faces challenges. Revenue from physical casinos and gaming halls totaled €480 million, but the regulator anticipates a decline in 2025 due to local restrictions. In particular, stricter measures may lead to players shifting to the illegal sector.

Financial Performance of the Gambling Industry

Government tax revenues from gambling increased by 15% in 2024, reaching €347.3 million. Of this, €126.1 million came from online gambling, a 35% increase from the previous year. Meanwhile, tax revenues from gaming halls fell by 5% to €58.95 million.

Regulatory Changes and Crackdown on Illegal Market

Gambling regulations in Slovakia have evolved significantly since 2019 when foreign operators were allowed to operate legally. However, illegal platforms continue to pose threats to state revenues and player protection.

In 2024, URHH added 89 new sites to the blacklist, bringing the total number of banned platforms to 820. To combat illegal operators, a specialized department was established in 2022, which continues to monitor and enforce sanctions.

Responsible Advertising and Player Protection

One of the key regulatory measures has been the introduction of the Responsible Advertising Code, signed by 80% of licensed operators in 2023. Key provisions of the code include:

• Ban on misleading advertising campaigns.
• Emphasizing financial risks of gambling.
• Promoting responsible gaming tools and self-control mechanisms.

According to URHH director Martin Bohoš, a combination of strict regulatory mechanisms and responsible gambling initiatives is essential for the stable development of the industry.

Outlook for 2025

Despite the growth of the online sector, the industry faces several challenges:

1. Declining revenues for land-based casinos. New local restrictions may limit operations.
2. Expansion of the illegal market. Reduced access to offline gambling may drive more players to unlicensed operators.
3. Increasing tax pressure. Rising government levies may impact operator profitability.

At the same time, advancements in digital technology, new gaming products, and innovative solutions allow online casinos to maintain their dominant position in the industry.

Conclusion

Slovakia’s gambling industry is undergoing significant changes. The online sector continues to grow, while land-based casinos face the prospect of declining revenues. Government regulation is becoming more stringent, particularly in the fight against illegal operators. The key question remains: can the country maintain a balance between strict control and fostering a legal, competitive market?

Source: URHH