In 2023, Lithuania’s gambling market experienced a remarkable surge, clocking in a 14% growth to reach a new peak of €288.5 million in revenue, thanks to a stellar performance in the last quarter.
🎫 The Lithuanian lottery was a major player, seeing an 18% boost in yearly revenue, amounting to €66.3 million from a whopping €141.2 million in sales.
Stripping out lottery figures, the rest of Lithuania’s gambling sector enjoyed a 13% uptick in earnings, totaling €222.2 million for the year.
🌐 Online gambling was a big winner, soaring by 22% to a record-breaking €148.4 million.
🎰 Slot machines online made a significant contribution, generating €100.5 million, up by 29%. Meanwhile, online table games made impressive gains with a 46% revenue jump to €12.6 million.
Despite these highs, online sports betting had a more modest year, growing only 1% to €35.3 million.
LITHUANIA GAMBLING SUMMARY (ALL CHANNELS): 2023 (€MILLION)
- Turnover | Gross win
- Slots: 1,481.25 | 146.85
- Betting: 702.88 | 44.44
- Table Games: 281.07 | 30.91
- Lottery: 141.16 | 66.27
- TOTAL: 2,606.36 | 288.48
Retail betting in Lithuania remained steady at €73.8 million, excluding lottery numbers.
Slot machine revenues in retail dipped slightly by 1% to €46.3 million, and retail sports betting saw a decrease of 8% year-on-year, settling at €9.1 million.
However, the bright spot in retail was Lithuania’s casino gaming tables, which defied trends with a 5% revenue increase over 2022, totaling €18.3 million.
The 2023 revenue split for Lithuania’s gambling industry, excluding lottery, was predominantly online (68%) versus retail (32%).
In terms of taxation, Lithuania gathered a hefty €67.0 million from gambling in 2023. This comprised €23.3 million from lottery operations and €43.7 million from gambling licensees.
🔥🎉 Interesting Fact: Lithuania’s gambling scene is not just about numbers; it’s a vibrant part of the entertainment industry, constantly evolving and bringing excitement to its players. With such a dynamic market, who knows what heights it will reach next year!
