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.<\/p>\n
Online gambling revenue came to 26.8m, up 16.7% from Q1 of 2021.<\/p>\n
The majority of revenue came from slots which are split between category A and category B machines.<\/p>\n
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.<\/p>\n
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%.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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).<\/p>\n
The Lithuanian government collected 8.2m in lottery and gaming duties during Q1, up from 4.2m in Q1 of 2021.<\/p>\n
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Lithuanian gambling revenue grows by 90% in Q1 - Quarterly results - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading