Lithuania’s Lottery Turnover Goes Up 10.1 Percent

Home » Lithuania’s Lottery Turnover Goes Up 10.1 Percent

The Gambling Supervisory Authority in Lithuania has reported that turnover from lottery gaming for the last nine months of 2019 rose by 10.1 percent to reach $91.2 million.

Lottery operators in Lithuania made close to 85.2 million worth of ticket sales in a three-quarter period rose by 14 percent compared to 74.7 million in 2018.

Lottery seems to be spreading across Lithuania in categories like instant, digital, classic as well as sports. Instant is the most popular lottery in this period and accounts for 59.7 percent of sales.

Concerning online gaming, gamers spent close to $5.9 million on online lottery in the nine months before the 30th of September, and this represents 7 percent of all sales. On the other hand, players managed to win close to €4.1 million through online gambling.

Gross player winnings for this period totaled €46.3 million, with represents a rise of 14.7 percent over last year’s numbers, which means operators amassed closed to €35.9 million, which is a rise of 4.6 percent over last year’s €34.3 million.

The regulatory authority revealed that legal operators remitted close to €13.9 million worth of taxes, while most also donated €6.6 million to support charity projects.

Confirmation of the latest results comes at a time when the authority had also reported that gambling rates had more than doubled in the last two years, despite gambling activity going down. However, the number of people gambling online went up from 16 percent two years ago to the current value of 30 percent.

Source: https://www.igamingbusiness.com/news/lithuanian-lottery-turnover-101-first-nine-months-2019

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