Lithuania's Gaming Market Surges 40% in 2022

This week the Lithuania Gambling Supervision Service announced that the country's gambling industry grew by 43.8% last year, as gross gaming revenue jumped to €195.8 million.

The total is a new record for the country, and remote gambling led the way with 62% of revenues at €121.7 million. Slot machines generated 38% of that total at €74.9 million. The rest was generated from remote betting coming in at €34.9 million.

Land casino revenues were up over double from last year, as Category B Machines were up 118.9% to €32.4 million. Class A machines were strong as well. Land revenues were slightly down from pre-pandemic years, but revenues were up from during the pandemic.

Average gambling spend per adult was €85, which was up 44.1%.

The country reported that there are 39 active gambling licenses, and it issued fines of €114,644. There are 1,145 blocked gambling sites in Lithuania as of the report. The regulator also showed that 11,388 people in the country have self-excluded from gambling. 88% are adults under 40, and 89% are men.