Gambling Profit of Latvia Elevates in H1 2019

Home » Gambling Profit of Latvia Elevates in H1 2019

It has been delineated by the Lotteries and Gambling Supervisory Inspection of Latvia that the gambling revenues in the regulated Latvian market increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

The revenues were up from 134.6 million and income from gambling climbed about 15.2% to €111.5 million. The main origin of income was the gambling machines.

As compared to the year-on-year figures, the Interactive gambling income increased 38.8%.Online casinos were, of course, the most popular form of gambling. Online activities earned €18.1 million while online betting earned €7.1m, a 35.3% jump.

The report that has been generated by the national regulator also inserted an update on illicit online gaming activities during H1 2019 and the steps they were taking to guarantee a crackdown on all illicit moves.

Source: https://europeangaming.eu/portal/latest-news/2019/08/08/52203/gambling-revenue-of-latvia-increases-in-h1-2019-2/

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