Norsk Rikstoto, a privately owned organization headquartered in Norway, was founded in 1982 and employs approximately 120 individuals. The organization reported $38.9M in revenue as of 2023, functioning as a tier 2 media tech buyer. It specializes in supervising betting on animal racing and operates the television channel Rikstoto Direkte, which provides media and TV services.

Revenue

Founded

1982

Headcount

116

Headquarters

Norway

Primary Segment

Search, social, and retail media

Ownership

Privately Owned

News Summary:

On June 8, 2026, as the Nordic gambling market entered a decisive period, Norway continued to defend its state monopoly system, which Norsk Rikstoto operates within, while increasing harm-prevention measures, despite Finland's move toward a competitive licensing model and Sweden's tightening restrictions. This follows Norway’s gambling market undergoing a dramatic transformation in recent years, with many international betting and casino operators withdrawing following a major regulatory crackdown, as reported on June 5, 2026. Earlier, on May 5, 2026, the Norwegian Gambling Authority (Lotteritilsynet) launched an investigation into Norsk Rikstoto, the state-owned horse racing betting operator, after a system malfunction led to thousands of unpaid bets. This incident, which occurred between February 3 and 5, allowed 23,716 bets from 5,158 players to enter live racing pools without payment, with potential losses reaching €200,000. The failure, first reported by Trav- og Galopp-Nytt and iGaming Today, stemmed from a system upgrade by its supplier, BetMakers, which permitted bets to be accepted into pools without any stake being collected.

Similar Companies

Subscribe for full access to Norsk Rikstoto's profile
Norsk Rikstoto offers products in the media and telecoms services industry. Norsk Rikstoto's product portfolio comprises of search, social, and retail media.
Subscribe for full access to Norsk Rikstoto's products in full detail
Norsk Rikstoto's revenues were less than $100M in 2024. All the revenue comes from search, display and digital publishing.
Subscribe for full access to Norsk Rikstoto's revenue in full detail
Norsk Rikstoto has suppliers like NEP Group.

Example Suppliers

Subscribe for full access to Norsk Rikstoto's profile