Lithuania's gambling revenue in the first half of the year grew by 12.6% to 116 million euros (99.3 million pounds/126.7 million dollars), with a strong online performance mitigating the decline in physical revenues.
Data from Lithuania's Gambling Administration shows that revenue for the first half of this year has exceeded last year's same period of 108.5 million euros.
From the online market perspective, revenue in this channel increased by 12.5% to 72.2 million euros. Player spending grew by 8.7% to 1.05 billion euros, with revenues reaching 973.1 million dollars.
Slot machines dominate the Lithuanian online gambling market
Category A online slot machines (games with unlimited prizes) were undoubtedly the stars of the first half. These slots generated 53.5 million euros in revenue, surpassing any other segment of Lithuania's online and physical markets. Player spending on these machines also set a new market record, reaching 627.7 million euros, an increase of 6.2%.
For Category B online slots, with a maximum stake of 0.3 euros and a prize limit of 200 times the customer's bet, revenues remained steady at 1.8 million euros. Also, online table game revenues increased by 11.7%, reaching 6.7 million euros.
Sports betting revenue in the first half rose slightly by 1.6% to 19.3 million euros, with player betting amounts up by 2.4% to 289 million euros.
Physical Market Decline in the First Half
Looking at the physical market, the total revenue was 34.7 million euros, down by 4.4%. The decline was due to a 5.6% drop in player bets to 217.8 million euros.
Category B slot machines are the most popular product in the retail market, generating revenue of 14.4 million euros, despite a decline of 6.5%. Betting on these machines fell by the same percentage, to 92.1 million euros.
As for Category A slot machines, revenue grew by 5.3% to 7.9 million euros, with betting amounts slightly increasing by 4.7% to 31.8 million euros.
Meanwhile, table game revenues decreased by 9.1% to 8 million euros, and sports betting revenues fell by 6.4% to 4.4 million euros.
The Lithuanian Lottery Industry Enters a Positive Period
Beyond main data, the Lithuanian Gambling Administration also released lottery data. In the first half, total lottery gambling revenue reached 32.7 million euros, an increase of 6.2%.
Ticket sales grew by 4.0% to 70.9 million euros, with total ticket sales increasing by 1.1% to 50.4 million euros. Player prizes grew by 2.3% to 38.1 million euros.
Through all gambling channels, the market generated 37.6 million euros in tax revenue. Of this, 24.1 million euros came from gambling operators, and 13.5 million euros from lottery providers.
