web analytics
News

Latvia Takes €154.5m In Revenue In The First Half

Latvia Takes €154.5m In Revenue In The First Half
Latvia Takes €154.5m In Revenue In The First Half

Gambling market in Latvia has been expanding. According to the figures published by the national regulator the Lotteries and Gambling Supervisory Inspection (IAUI), the gambling revenue for the first six months of 2019 has jumped 4.7% year-on-year to €154.5m (£142.0m/$172.1m).

During the same period the previous year, the Latvian regulated gambling market generated €134.6m only. Moreover, the first half of 2019 also saw a jump in the profits from €99.9m to €111.5m, representing a 15 percent year-on-year increase.

Gambling machines which generated a collective income of €111.5m were the major contributor to the overall gambling revenue. The revenue from gaming machines was also up 11.5% year-on-year.

The income from interactive gambling was up 38.8% year-on-year from €18.2m to €25.4m. This also shows that the Latvian online gambling market has been expanding.

While online casino games topped the charts in popularity amongst the Latvians, the income from online games shot up 40.1% to €18.1m.

Income from Online betting was also up 35.3% to €7.1m. Card tournaments posted income of €193,482, a whopping 65.9% year-on-year increase.

Latvia has been battling with unlicensed operators offering their products in the regulated Latvian market. As such the gambling watchdog, the IAUI has been taking steps to curb the presence of overseas unlicensed operators.

In its crackdown on illegal online gambling, Latvia has already blocked 51 domain names and 87 IP addresses in the first six months of 2019 so far.

Please wait...
Bitcoin Casino

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

Add Comment

Click here to post a comment

Official Partners

Bitcoin Casino

Sloto Cash Casino
⭐Weekly Free Spins Bonus Codes⭐👉Subscribe To Our Newsletter!✅

Get free spins bonus codes✅

Get new & exciting slots to play every week✅