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Tuesday, 01.07.2025, 00:47
Gambling in Latvia turnover up 11.2% y-o-y in 9 months
BC, Riga, 08.11.2018.
Print version
Print versionLatvian gambling operators generated EUR 196.218 mln gambling revenue in the first nine months of this year, which was a 11.2 % increase against the respective period a year ago, according to the Lotteries and Gambling Supervisory Inspection of Latvia.
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Slot machines netted EUR 153.869 mln, up 7.9 on the first nine months of 2017.
Online gambling revenue was the second largest source of
revenue, generating EUR 28.629 mln at a 48.9 % increase from the first nine
months of 2017.
Revenue from gambling tables (roulette, card games) dropped
7.2% y-o-y to EUR 11.806 mln, and betting revenue rose 4.4% to EUR 1.766.
Bingo halls generated EUR 0.148 mln in nine-month revenue, down 28.8%.
The gambling operators’ aggregate nine-month turnover grew
9.9% y-o-y to EUR 207.494 mln in January-September 2018.
The gambling authority projects the 15 gambling operators’
aggregate profit for the nine months of 2018 to total EUR 54.672 mln, which
would be 17.6 more than a year ago.
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