The Malta Gaming Authority published its interim report for the first half of 2023, outlining the financial performance of the local iGaming market. Licensed operators contributed €810.7 million to the national Gross Value Added, accounting for 9.5 percent of the country’s total economic output.
The sector recorded a 1.1 percent increase in value added compared to the same period in 2022. As of June 2023, the regulator maintained licenses for 335 distinct companies, holding a combined total of 345 active gaming permits. Operators paid €41.2 million in regulatory fees and taxes during the first six months of the year, maintaining steady revenue collection despite a slight reduction in licensed entities from the previous cycle.
Market Conditions and Future Outlook
Industry participants navigated a complex external environment marked by evolving regulatory requirements and tax uncertainties affecting major market participants. Global expansion projections remain positive but face moderation due to ongoing geopolitical tensions. Analyst projections indicate that the sector will continue expanding in the medium term, though growth rates are expected to moderate. Independent market research positions gaming among Malta’s top three business sectors for the upcoming five-year period, alongside tourism and leisure.For reference, the gaming industry previously accounted for a 12.2 percent contribution to the broader Maltese economy, establishing a baseline for current fiscal assessments.