LATVIA

Latvia’s gambling industry shows 7.9% growth in 2019

According to the Latvian national news agency LETA, compared to 2018, the economic growth continued and Gross Domestic Product (GDP) increased by 2.2 %. In 2019, GDP at current prices amounted to EUR 30.5 billion.

Increase of 5.8 % was registered in arts, entertainment and recreation sector, which was mainly affected by 7.9 % rise in gambling and betting activities.

It is worth mentioning, that Latvia’s parliament has approved last November proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.

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