Gambling revenue in Lithuania increased 26.1% year-on-year during the first quarter, with growth across both the online and land-based segments.

Total revenue in Lithuania during the three months to 31 March amounted to €55.3m (£48.0m/$59.7m), up from €43.9m in the same period last year.

Some €36.6m came from online gambling, a 36.0% year-on-year rise. The majority of this came from Category A online slots, with these games generating €23.1m in revenue from €306.8m in player bets.

A further €979,987 came from Category B slots after consumers spent €6.3m betting.

Lithuania’s remote sports betting revenue reached €9.6m, after players wagered €151.2m, while online table games activity resulted in €2.9m in revenue from €31.3m in spend for the quarter.

Turning to land-based gambling and revenue was 10.0% higher at €18.7m. Category B slot machines were the primary source of revenue, generating €8.0m in revenue after players bet €50.7m.

Category A slot machine revenue reached €3.8m from €15.8m in bets, with tables games revenue at €4.4m off €20.3m and sports betting €2.5m from €29.8m.

Lottery results were reported separately, with gross gaming revenue from lottery activity in the quarter climbing 9.0% to €14.3m. This came despite a 2.9% drop in ticket sales to 26.5 million.

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

FairOddsNetwork.com © 2024 All rights reserved.