Latvia’s Gaming Industry Sees Resurgence in Third Quarter
Latvias gaming industry experienced a resurgence in the third quarter, following a period of closure.
Gaming earnings in Latvia saw a significant increase from the second quarter to the third quarter, concluding on September 30th. However, these earnings remain below the levels observed in 2019.
The primary source of revenue was slot machines in casinos, although the revenue generated was considerably lower than the same period in the previous year. Table games, bingo, and betting establishments also contributed to revenue, but their contributions were less substantial than those of slot machines.
Online gambling also generated a considerable amount of revenue, although it was slightly lower than the previous year.
In summary, gambling revenue in Latvia for the initial nine months of 2020 was significantly lower than the corresponding period in the preceding year.
The gaming sector in this area produced €5 million in income, followed by €8.4 million from sports wagering.
Virtual card games, especially poker, witnessed a substantial rise in earnings, expanding by 54.0% to €466,493. The Lottery and Gaming Oversight Agency reported an extra €6.1 million in income from other sources.
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