Baltics

Latvia GGR Grows to €307.1m in 2019

Published

5 years ago

March 6, 2020

Reading Time: < 1 minute

Lotteries and Gambling Supervisory Inspection (IAUI), the gambling regulator in Latvia, has reported a 10.5% year-on-year increase in gross gambling revenue (GGR) for 2019. GGR for the 12 months to 31 December 2019 totalled €307.1m, up from €277.7m in the previous year.

The IAUI noted year-on-year growth across all forms of gambling, though gaming machines were the main source of income for licensed operators, with revenue up 6.7% to €216.9m.

Online gambling revenue increases by 2.8% to €54.7m, with punters spending the most on casino games. Online slot games, cards and roulette revenue were up 42.5% to €39.3m, while sports betting revenue jumped 12.3% to €14.9m and poker tournaments 60.8% to €423,000.

Revenue from land-based gaming tables increased 4.0% to €17.3m, in-person sports betting revenue increased 16.8% to €3.2m and bingo halls revenue jumped 8.2% to €232,000.

The IAUI also noted that other activities including bars and billiards brought in an additional €17.3m in revenue, pushing overall turnover for licensed operators up to €324.4m for the year.

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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.