Lithuanian Gaming Market Grows 13.1% in 2019

Lithuania's regulated gambling market grew an impressive 13.1% in 2019, with the country's revenues for the year reaching €112.6 million.

Gamblers in the country wagered €1.10 billion during the year, winning €987.4 million. Online betting generated €40.5 million in revenues, up 44.5%, with table games generating €420,978. Slot revenues were up 74.5% for Category A machines to €15.3 million, while Category B machines were up 35.5% to €839,399.

Land-based betting is still an important sector, as Category A machines were up 4.5% to €12.2 million, while Category B revenues were up to €32.7 million. Table game revenues dipped by about €100,000 to €16.7 million.

Lithuanians gambled €113.9 million on lottery tickets, up 8.3% from 2018. Players ended up winning €64 million on these draws, also up from the year prior.

Needless to say, the country's regulated industry seems to be providing an increase in revenues for operators, while also protecting punters and generating tax revenues. It's likely that we'll see increased competition from neighboring states, as other Baltic countries are looking to regulate online betting.