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.