Brightstar Lottery (BRSL) revenue breakdown

Consumer Cyclical · Gambling · Market cap $1.8B

By segment, Global Lottery is the largest at 59% of fiscal 2023 revenue; PlayDigital grew fastest, 26% a year over 4 years.

By product, Service revenue (includes amortization of upfront license fees) is the largest at 94% of fiscal 2025 revenue; Product sales grew fastest, 3% a year over 7 years.

Revenue by segment

Fiscal years, as Brightstar Lottery reports them in its 10-K filings; fiscal 2023 total $4.3B.

Segments20162017201820192020202120222023Share
Global Lottery——$2.4B$2.3B$2.2B$2.8B$2.6B$2.5B 59%
Global Gaming——$1.6B$1.6B$837M$1.1B$1.4B$1.6B 36%
PlayDigital———$91M$115M$165M$209M$228M 5%
Italy$1.8B$1.7B—————— —
North America Lottery$1.2B$1.2B—————— —
North America Gaming and Interactive$1.4B$1.2B—————— —
International$827M$889M—————— —

Revenue by product

Fiscal years, as Brightstar Lottery reports them in its 10-K filings; fiscal 2025 total $2.5B.

Products2016201720182019202020212022202320242025Share
Service revenue (includes amortization of upfront license fees)——————$2.4B$2.4B$2.4B$2.4B 94%
Product sales——$127M$110M$121M$123M$157M$171M$149M$151M 6%
Service$4.4B————————— —
Service—$4.1B———————— —
Operating and facilities management contracts——$2.0B$1.9B$1.7B$2.4B———— —
Product—$802M———————— —
Product$779M————————— —
Systems, software, and other——$587M$527M$484M$534M———— —
Gaming terminal services——$602M$568M$298M$424M———— —
Gaming terminals——$455M$581M$205M$339M———— —
PlayDigital services———$76M$114M$163M———— —
Other——$203M$240M$149M$144M———— —

Revenue by region

Fiscal years, as Brightstar Lottery reports them in its 10-K filings; fiscal 2025 total $2.5B.

Regions2016201720182019202020212022202320242025Share
United States ("U.S.")$2.5B$2.2B$2.1B$2.1B$1.7B$2.1B$1.2B$1.2B$1.2B$1.2B 47%
Italy$1.8B$1.7B$974M$990M$896M$1.3B$1.0B$934M$968M$1.0B 41%
Rest of Europe$302M$383M$314M$323M$209M$217M$210M$208M$199M$195M 8%
All Other Countries$518M$557M$571M$530M$280M$247M$142M$150M$146M$123M 5%
Canada—————$120M———— —
United Kingdom$82M$75M$59M$74M$64M$72M———— —
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Questions

Where does Brightstar Lottery make its money?

In fiscal 2023, by segment: Global Lottery $2.5B, Global Gaming $1.6B, PlayDigital $228M.

From Brightstar Lottery's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.