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Lithuanian Lottery Turnover Increases During First Nine Months of 2019

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Lithuanian Lottery Turnover Increases During First Nine Months of 2019
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The Lithuania Gambling Supervisory Authority has reported that the turnover from lottery gaming during the nine months to September 30, 2019 increased by 10.1% year-on-year to €82.3m ($91.2m).

Operators that run lottery games in Lithuania sold a total of 85.2m tickets in the three-quarter period, up 14.0% on 74.7m in the corresponding period last year.

Lottery in Lithuania is spread across the categories of digital, instant, classic and sports. Instant was the most popular form of lottery in the period, accounting for 59.7% of ticket sales.

In terms of online gaming, consumers spent $5.9m on internet lottery during the nine months, representing 7% of total sales. Players won a total of €4.1m via online lottery games.

Total player winnings for the period amounted to €46.3m, up 14.7% on last year, which in turn meant operators turned a collective gross profit of €35.9m, an increase of 4.6% on €34.3m in the first nine months of 2018.

The Authority also revealed that licensed operators paid a total of €13.9m in tax for lottery gaming, while such companies also donated a collective €6.6m to charity and support projects.

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.

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