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 strong online performance mitigating the decline in physical revenue.
Data from the Lithuanian Gambling Authority shows that this year's first-half revenue has surpassed last year's same period of 108.5 million euros.
Looking at the online market, this channel's revenue grew by 12.5% to 72.2 million euros. Player spending increased by 8.7% to 1.05 billion euros, with revenue reaching 973.1 million dollars.
Slot machines dominate the Lithuanian online gambling market
Class 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 in both the online and physical markets of Lithuania. Player spending on these machines also set a new market record, reaching 627.7 million euros, an increase of 6.2%.
For Class B online slot machines, the maximum bet is 1 cubic foot (0.3 euros), with a prize limit of 200 times the customer's bet, and the revenue for the first half of the year remained steady at 1.8 million euros. Additionally, online table games revenue grew by 11.7%, reaching 6.7 million euros.
Sports betting revenue in the first half slightly rose by 1.6% to 19.3 million euros, with player betting amounts increasing by 2.4% to 289 million euros.
Land-based market shrinks in the first half
Looking at the land-based market, the total revenue was 34.7 million euros, a decline of 4.4%. The decline was due to a 5.6% decrease in player bets to 217.8 million euros.
Class B slot machines are the most popular product in the retail market, generating 14.4 million euros in revenue, despite a 6.5% decline. Bets on these machines also fell by 6.5%, to 92.1 million euros.
As for Class A slot machines, revenue grew by 5.3% to 7.9 million euros, with a slight increase in bets by 4.7%, to 31.8 million euros.
Meanwhile, table games revenue fell by 9.1% to 8 million euros, and sports betting revenue decreased by 6.4% to 4.4 million euros.
Lithuanian lottery enters a positive period
In addition to the main data, the Lithuanian Gambling Authority 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 channels of gambling activity, 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.
