Baltics

Gambling Revenue of Latvia Increases in H1 2019

Published

5 years ago

August 8, 2019

Niji Narayan

Photo source: dekoprint.lv

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The Lotteries and Gambling Supervisory Inspection of Latvia has reported 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 sources of income were the gambling machines.

Interactive gambling income increased 38.8% compared to the year-on-year figures. 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 national regulator also included in their report an update on illegal online gaming activities during H1 2019 and the steps they were taking to ensure a clampdown on all illegal activities.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.