Lithuania igaming revenue leaps 47% in 2020

Igaming revenue rose in 2020 but failed to offset the decline in land-based sales.

Lithuania.- A 47.1 per cent increase in igaming revenue in Lithuania wasn’t enough to prevent an overall decline in gaming revenue last year.

The latest figures show that the gaming market as a whole saw revenues fall 8.1 per cent year-on-year to €103.5m due to a 39.1 per cent decline in land-based revenues, which fell to €43.9m.

The revenue from category A slots doubled, reaching €29.4m, while revenue from category B slots rose 47.4 per cent to €1.2m.

Online gambling increased particularly during the period of lockdown between March and May.

Last month, the Lithuanian regulator reported a year-on-year rise in people signing up for its self-exclusion register.