Lithuanian online gambling revenue soars in 2021

While land-based revenue declined, Lithuanian online gambling revenue was up by more than 70 per cent year-on-year.

Online gambling revenue in Lithuania soared by 71.5 per cent to €102.1m in 2021, easily outpacing the decline in land-based gaming revenue caused by the Covid-19 pandemic.

Overall gross gambling revenue rose 31.5 per cent year-on-year to €136.2m.

Online gambling customer spend was up from €1.02bn in 2020 to €1.63bn. Category A slot revenue almost doubled, reaching €59.6m. Online betting revenue generated €34.2m, up 29.4 per cent, and online table game revenue rose by 205.7 per cent to €5.8m. Category B slots generated €2.4m, up 94.8 per cent.

Meanwhile land-based gaming revenue was down 22.5 per cent year-on-year at €34m due to pandemic-related closures. Customer spend fell by a similar rate to €218.5m.

Category B slot machines, which have €0.50 per spin stake limits, accounted for the largest share of that at €14.8m. Table games generated €8.1m, down 20.5 per cent. Uncapped Category A slot machines generated €7m and retail betting €4.8m, down 28.6 per cent.

The numbers follow a similar pattern to that reported by Latvia. Figures published last week show that Latvian online gambling revenue almost doubled in 2021, reaching €109m.

Focusgn.com