Lithuanian gambling revenue grows by 90% in Q1
Gambling revenue in Lithuania grew 90.0% to €43.4m in the first quarter of 2022, as neither the return of the land-based sector or a wide-reaching marketing ban stopped the online sector from continuing to grow.
Online gambling revenue came to €26.8m, up 16.7% from Q1 of 2021.
The majority of revenue came from slots – which are split between category A and category B machines.
Category A slots, with uncapped payouts and stakes, brought in €15.5m, which was up 24.7% from 2021. This came on stakes of €210.4m.
Category B slots, which limit stakes to €0.50 per spin and have win amounts capped at 200 times the original stake, €683,313, up 57.9%.
Table games brought in €1.6m, up 25.5%, on €19.4m worth of stakes and betting revenue was €9.0m, up 2.1%, on stakes of €125.3m.
Turning to the land-based sector, revenue was €16.9m after the sector recorded negligible revenue in Q1 of 2021 with land-based gaming venues closed.
Again, most of this came from slots. Category A machines brought in €3.1m on stakes of €12.4m, while category B machine revenue was €7.2m with stakes of €45.4m.
Retail sports betting revenue came to €2.7m, as players staked €25.9m, while table game revenue was €4.0m with players betting €18.0m.
The increase came despite the fact that the country implemented a ban on any promotions or inducements to gamble, including bonuses, in July 2021. Since the ban was introduced, a number of operators have been fined, including Top Sport, which was fined €25,000 today (10 May).
The Lithuanian government collected €8.2m in lottery and gaming duties during Q1, up from €4.2m in Q1 of 2021.
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