LITHUANIA GAMBLING REVENUE GROWS 18% IN Q3
Gambling revenue in Lithuania grew by 18 per cent to €63.9m in the third quarter of 2022, driven by a strong performance from the online gambling sector.
Online gambling revenue increased by 31 per cent to €31.1m in Q3, with double-digit growth in all products.
Online slots revenue was up 37 per cent year-on-year at €19.7m, while online table game revenue rose by 38 per cent to €1.9m. Sports betting revenue climbed to €9.5m in the third quarter, an increase of 19 per cent versus the prior year period.
In the retail gambling sector, including lottery, third quarter revenue improved by 7 per cent to €32.7m. Slot machines in casinos and slot halls saw revenue climb 11 per cent to €12.1m, with table game revenue up 10 per cent at €4.6m.
Retail sports betting revenue showed growth of 48 per cent year-on-year to €2.7m, at a margin of 10.0 per cent (Q3 2021: 7.5 per cent), while Lottery revenue fell by 2 per cent in the quarter to €13.3m.
Total gambling revenue for the first nine months of 2022 was €179.9m, 33 per cent higher than the same period in 2021, during which the retail sector was disrupted by pandemic restrictions.
Retail gambling revenue increased by 30 per cent to €53.8m between January and September, with online gambling revenue up 38 per cent at €86.0m and lottery revenue climbing 22 per cent to €40.1m.
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