LATVIA

Gambling market of Latvia: report for the first six months of 2019

Gambling market in Latvia has been expanding. According to the figures published by the national regulator the Lotteries and Gambling Supervisory Inspection (IAUI), the gambling revenue for the first six months of 2019 has jumped to €154.5m from €134.6m in 2018.

Financial results of gambling market in Latvia 2018-2019, 6 months

(mill.euro)

  2018-6m2019-6m%
1.Total turnower of gambling operators134,647154,530114,7
2.GGR from gambling, incl,127,228146,615115,2
2.1.Gaming machines99,917111,462111,5
2.2.Gaming tables (roulette, cards)7,8558,062102,6
2.3.Bingo halls0,0900,123137,0
2.4.Betting points1,0881,586145,8
2.5.On-line gambling18,27825,382138,8
3.Other activities (bars, billiard, etc.) 1.-2.7,4197,915106,6

Gambling machines generated €111.5m, which is up 11.5% on the same period last year.

Income from online gambling increased 38.8% year-on-year from €18.2m to €25.4m. Online casinos were the most popular form of iGaming activity during the first half, with income up 40.1% to €18.1m. Online betting income has laso increased by up 35.3% to €7.1m.

Revenue from on-line gambling

  2018-6 m2019-6 m%
GGR total on-line gambling,18 278 28425 382 487138,9
incl.,    
Casino  games  (cards,12 895 22218 062 910140,2
 slots, roullete)   
Betting5 266 4837 126 095135,3
Poker tournaments116 579193 482165,9

There are all together 15 gambling operators and State owned Joint Stock Company „Latvijas Loto” (state run lotteries). There have been issued: 11 land-based gambling operation licenses; 4 betting point operation licenses; 9 on-line gambling operation licenses.

 

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