Latvia Sees Gambling Numbers Rise in Third Quarter

Latvia’s Lotteries and Gambling Supervisory Authority has announced the country’s third-quarter 2020 gambling numbers, noting that revenues were up significantly compared to the second quarter of the year.

The country’s gaming revenues reached €55.2 million, up from €12.3 million in the second quarter. Despite the rise, the numbers were down 33.2% from the year prior. Slots accounted for €35 million of revenues, and table games brought in €1.5 million. Bingo halls brought in €41,000 and betting shops were up to €573,000.

Online betting generated revenues of €15.5 million, and €2.5 million came in from other sources.

Total revenues for the year so far is down 45.5% at €129.2 million. €80.7 million of this total came from slots. €4.7 million has come from table games. Bingo revenues are just €97,000, and betting shop revenues are at €1.3 million.

As with virtually all countries, betting revenues in Latvia have been negatively impacted because of the Covid-19 pandemic. Whether or not the rebound will be sustainable is not known, although we’ll be sure to update readers as we learn more.

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