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Online growth drives Lithuania H1 gambling revenue up 21.5%

Online growth drives Lithuania H1 gambling revenue up 21.5%

09 AUG 2023

By

Alex

Windsor

While the US igaming market has proved challenging in recent months, Alex Windsor, CMO at GameTime Digital, explains why sweepstakes has become so popular in the US and why its delicate legality might soon prove tricky

Gross gaming revenue for the first half in Lithuania was €108.5m (£93.5m/$119.2m), up from €89.3m in the same period last year.

Of this total, €72.2m was attributed to online gambling, a year-on-year rise of 31.5%. The remaining €36.3m came from land-based activities, up 4.6% on the previous year.

Online slots lead the way in Lithuania H1

Breaking down this performance, €45.5m of all online gambling revenue came from category A slot machines. This was 37.5% higher year-on-year.

A further €1.8m in Lithuania was generated from online category B slot machines, up 28.6% on 2022.

Internet sports betting revenue climbed 12.4% to reach €19.0m in the first half. In addition, remote table games revenue was 71.4% higher at €6.0m.

Slower growth in land-based sector

Turning to Lithuania H1 land-based gambling, category B slot machines were the main source of revenue, generating €15.4m. However, this was only marginally more than €15.3m last year.

Revenue from category A slot machines increased 21.0% to €7.5m.

Land-based table games revenue reached €8.8m, an 11.4% rise on the previous year. Retail sports betting was the only segment to experience a decline, with revenue down 4.1% to €4.7m.

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