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Lithuanian gaming revenue increases by 90 percent in Q1

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The gambling revenue in Lithuania increased 90.0% in the first three months of 2022 to EUR43.4m. Neither the return of land-based gaming nor a widespread marketing ban prevented the growth of the online industry.

The online gambling revenues in Q1 2021 were EUR26.8m (an increase of 16.7%).

Slot machines accounted for the majority of revenues, which were split into category A and B machines.

Slots in Category A, where payouts are not capped, and bets uncapped, generated EUR15.5m. This was an increase of 24.7% compared to 2021. The stakes were EUR210.4m.

The Category B slot machines, with a maximum win of 200 times your original bet, limit the stake to EUR0.50. This is up by 57.9%.

The table games generated EUR1.6m in revenue, up by 25.5% on EUR19.4m of stakes, and the betting revenues were EUR9.0m up by 2.1% on EUR125.3m of stakes.

The land-based gambling sector had a revenue of EUR16.9m in the first quarter of 2021, after it recorded a negligible amount.

Slot machines accounted for the majority of revenue. Slot machines in category A brought EUR3.1m from stakes totalling EUR12.4m. Category B machines revenue came to EUR7.2m at stakes totaling EUR45.4m.

Table game revenues were EUR4.0m and EUR2.7m respectively, with EUR25.9m staked by players.

This increase occurred despite the ban that was implemented in the country on July 20, 2021, which prohibited any gambling incentives or promotions, including bonuses. Top Sport was one of the operators fined since this ban came into effect.

In Q1, the Lithuanian government collected EUR8.2m from lottery and gambling duties, up EUR4.2m since Q1 2021.

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