Latvia GGR Grows to €307.1m in 2019

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.