Total revenue was comfortably ahead of the €195.8m reported in Lithuania in the previous year. The national regulator, the Gaming Control Authority, detailed online growth while land-based revenue was slightly lower in 2023.
Online gambling generated €148.4m in revenue during 2023, up by 22.0% year-on-year. In contrast, land-based revenue reached €73.8m, which was 0.4% behind the previous year’s total.
Lithuania online slots revenue exceeds €100.0m
Breaking down the yearly performance, online slots were by far the main source of gambling revenue in 2023. Total revenue from internet slot games amounted to €100.5m, up 28.5%.
Category A online slots revenue amounted to €97.1m and Category B games €3.4m.
Elsewhere, online sports betting revenue was 1.2% higher at €35.3m in 2023. Internet table games revenue also increased by 46.5% to €12.6m for the year.
Sports betting decline hits land-based sector in Lithuania
Turning to land-based gambling, slots were again the main revenue source for operators in 2023. However, total slots revenue was 0.9% lower at €46.3m.
Of this total, €31.3m came from Category B games, down from €31.3m in 2022. The other €15.0m was generated by Category A slot machines, up 4.9% year-on-year.
Land-based table games revenue was up 5.2% to €18.3m but retail sports betting revenue slipped 8.1% to €9.1m for the year.
Lottery revenue rises 17.6%
The Gaming Control Authority also reports lottery figures, albeit separately from the other two markets in Lithuania.
Lottery gross gaming revenue in 2023 was 17.6% higher at €66.3m. This was despite ticket sales falling 7.4% to 100.5 million over the 12-month period.
Players won a total of €74.9m from lottery games, down 5.0% on the previous year. The lottery figures cover operators offering larger lotteries to players.
As for tax, €67.0m was collected in 2023. Of this, €43.7m came from gambling operators and €23.3m big lottery organisers.
Original article: https://igamingbusiness.com/finance/full-year-results/online-growth-drives-lithuania-gambling-revenue-2023/
