The Lotteries and Gambling Supervisory Inspection of Latvia (IAUI) has released the latest revenue figures of Latvia’s regulated online gambling market.
The latest figures show state-licensed gambling operators generated combined revenue of €237.1m in the nine months ending September 30, a 12.2% rise over the same period last year.
Financial results of gambling market in Latvia 2018-2019, 9 months (mill.euro)
|1.||Total turnower of gambling operators||207,494||237,139||114,3|
|2.||GGR from gambling, incl,||196,218||225,111||114,7|
|2.2.||Gaming tables (roulette, cards)||11,806||12,681||107,4|
|3.||Other activities (bars, billiard, etc.) 1.-2.||11,276||12,028||106,7|
Latvia’s nine licensed online gambling operators contributed €38.8m to the year-to-date revenue total, a 35.5% year-on-year improvement. Casino games contributed the bulk (€27.86m, +38%) of online gambling revenue, followed by sports betting (€10.6m, +28.3%), while “card games” grew 77.7% to €303k.
The IAUI’s ongoing efforts to clear a digital path for its nine licensees have continued unabated this year, with the number of blocked international gambling domains increasing by 71 to 1186. As of January 1, 2020, processing payments on behalf of any online gambling site not bearing an IAUI stamp of approval will be illegal.
There are all together 15 gambling operators and State owned Joint Stock Company „Latvijas Loto” (state run lotteries).