Online growth drives Lithuania H1 gambling revenue up 21.5%

Gambling revenue in Lithuania increased 21.5% during the first six months of 2023, driven by growth within the country’s online gaming sector.

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.

Original Article