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About LinkBacksThe Lotteries and Gambling Supervisory Inspection of Latvia released new figures this week that showed state-licensed gambling operators experience an increase in revenue of 73.6 million in Q1 2019, a 15.9% improvement over the same period last year. The number, however, was well below the 81.5 million the market reported in Q4 2018.
Latvias nine licensed online gambling operators generated a combined 12.4 million in Q1, up 35.4% year-on-year. Last year, the online sector generated 41.1 million, so the 2019 Q1 figure puts it on track to surpass 2018. Revenues for online casino games increased nearly 40% to 8.8 million, while sports betting was up 27.1% to nearly 3.5 million and poker rose 15.8% to 73,000.
On the land-based side, electronic gaming machines dominated, with revenue up 12.6% to 56.3 million. Sports betting revenue jumped 55.2% and bingo revenue improved by nearly 45%.
Read the report here: https://www.iaui.gov.lv/images/ENG/S...19_I_quart.pdf
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14 May 2019, 1:28 pm #1
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Latvia sees increase in Q1 gambling revenues
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14 May 2019, 5:15 pm #2
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Its good to see that our industry is actually improving and growing financially stronger.
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15 May 2019, 10:20 am #3
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A 15% improvement in a regulated industry? Good for Latvia!
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16 May 2019, 9:19 am #4
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€73.6 million in Q1 2019 for country that have population 1,95 million people. I think it's a great result ! Good job, Latvia )
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