Benin National Lottery Profit Jumps 72% as Online Betting Sales Rise 36%

Benin's National Lottery reported a 72% increase in net profit during the first nine months of 2026, supported by stronger online betting sales and cost controls despite a decline in gross gaming revenue.

The Loterie Nationale du Bénin (LNB) reported improved financial results for January–September 2026, highlighting the growing importance of digital distribution in the country's lottery and betting sector.

According to its third-quarter financial report, cumulative turnover reached FCFA 77.95 billion, representing a 7.5% increase from FCFA 72.48 billion during the same period in 2025.

Online betting was the main driver of sales growth, with revenue from this channel increasing 36.3% year-on-year. Digital betting products now account for 48.4% of total turnover.

Despite higher sales, gross gaming revenue declined 9.7% to approximately FCFA 13.95 billion, reflecting a lower share of customer wagers retained after prize payouts.

Nevertheless, the company increased net profit to FCFA 1.78 billion, compared with FCFA 1.03 billion a year earlier, equivalent to growth of approximately 72%.

The results demonstrate that higher betting turnover does not necessarily translate into greater gaming revenue or profitability. Prize payouts, operating expenses and financial income all influence the final outcome.

For the fourth quarter, LNB plans to expand its retail distribution network in areas with commercial potential while continuing to develop digital sales channels and control operating costs.

The financial report highlights the growing role of online products in Benin's lottery business and the importance of maintaining sustainable margins. Continued digital growth could support future expansion, although improving gross gaming revenue remains an important challenge.