Gambling Revenue in Lithuania Severely Impacted in 2020

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Lithuanian gambling revenue up 13.5% year-on-year

Gambling revenue was €222.2m in 2023. Lithuania.- The Lithuanian Gambling Supervisory Authority has reported that gambling revenue in the country reached €222.2m in 2023. That's a rise of 13.5 per cent year-on-year from €195.8m in 2022. The growth was driven by online gambling, while land-based gambling revenue fell slightly. Online gambling…

Finance ・ 08 February 2024

iGaming Business

Online growth drives Lithuania gambling revenue in 2023

Total revenue was comfortably ahead of the €195.8m reported in Lithuania in the. 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…

Finance ・ 06 February 2024

World Casino News

Pre-Pandemic Profit Levels Still Not Reached By AC Casinos

Online gambling and sports wagering reached almost record levels over the past month in New Jersey. Additionally, the money that almost half of the Atlantic City casinos earned from in-person players is bigger than what they earned during September 2019, prior to the start of the COVID-19 pandemic. Concerns don't subside: While the figures unveiled…

Sports ・ 17 October 2023

Gambling News

September Betting Revenue Boosts PA Casino Results

The Pennsylvania Gaming Control Board (PGCB), the gambling regulator in the state, released its latest report revealing the gambling revenue figures for September. Judging by the data released by the PGCB, September was another strong month for licensed gambling operators in Pennsylvania. The growth of revenue was primarily driven by an increase in…

Finance ・ 19 October 2022

Wild Casino

$5,000 Welcome Bonus

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Salon Privé

How COVID-19 And Lockdowns Affected The Gambling Industry

When the COVID-19 pandemic began to spread rapidly in early 2020, governments around the world responded by issuing country-wide lockdowns. This measure was taken in an effort to stop the spread of the virus. But as businesses and other sectors closed their doors, one industry found itself in a unique situation: gambling. In this post, we'll take a…

Covid ・ 07 October 2022

Gambling News

Pennsylvania Gaming Revenue in July up by 1.28% To $429M

The Pennsylvania Gaming Control Board (PGCB), the gambling regulator in the state, released the gaming revenue results for July, marking a somewhat increase when compared to July last year. In total, the gaming revenue reported from all forms of gambling including fantasy contests last month hit $429 million. When compared to the $423.7 million in…

Finance ・ 18 August 2022

European Gaming

Lithuanian Gambling Revenue Up 66% to €89.3M in H1 2022

Gambling revenue in Lithuania increased 66% YoY in H12022 as customers returned to land-based venues following the removal of Covid-19 restrictions. Gross revenue for the six-month period amounted to €89.3m, up from €53.8m in the previous year when Covid-19 measures continued to affect land-based casinos, slot parlours and retail…

Finance ・ 12 August 2022

Trib Live

Pa. casinos post record $5B in revenue in 2021-22 fiscal year

Pennsylvania casinos saw substantial growth during the last fiscal year, with the industry posting a record $5 billion in revenue, state regulators said. In all, the state's 16 casinos generated $5.04 billion in revenue in fiscal year 2021-22, which runs from July 1 through June 30, according to the Pennsylvania Gaming Control Board. That's $1.2…

Finance ・ 19 July 2022

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Gambling News

DGE: Casinos, Racetracks Report $401.5M in Gaming Win for June

Judging by details released by the gambling regulator in New Jersey, the state's nine casino hotel properties enjoyed good results last month. The New Jersey Division of Gaming Enforcement (DGE), released the financial results for June, showing that the total revenue for casinos, racetracks and their partners hit $401.5 million. When compared to…

Sports ・ 18 July 2022

The Baltic Times

Live Casino Games Rise in Popularity

The three Baltic countries are a great example of thinking outside of the box - and doing it smart. All three - Estonia, Latvia, and Lithuania - have legalized online gambling back in 2010 (Lithuania did it in 2016) and opened their doors to the inexhaustible well of profit and opportunities legalized gambling brings. In today's article, we will…

Games ・ 01 June 2022

The Baltic Times

Lithuanian Gambling Market Revenue Increase in 2022 So Far

Online gambling is blossoming worldwide, and some experts point out that the growth of online gambling is a direct consequence of COVID. The global online gambling market has reached the value of US$ 72.3 Billion in the past year, and experts say that the industry is very likely to keep growing in the next five years. In Lithuania, the situation…

Finance ・ 27 May 2022

Newbury Port News

Casino layoffs more pronounced among nonwhite workers, women

BOSTON - Casinos were among the hardest-hit businesses when the pandemic took hold more than two years ago, but the impacts of their shutdown here were not spread evenly throughout the workforce and the industry has not yet fully recovered, researchers told the Mass. Gaming Commission on Thursday. The Gaming Commission last year made a study of the…

Gaming Authorities ・ 15 April 2022

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iGaming Business

GC data shows slight decrease in online gambling in final months of 2021

Gross gambling yield (GGY) for the time period - the third quarter of 2021 - came to £1.20bn, down 6% from Q2. There were 32.7 million active accounts across all verticals during the quarter, which placed 20.24 billion bets during that time - up 4% from Q2. Slot game GGY came to £568.1m, a 1% increase from the previous quarter. Other online casino…

Gaming Authorities ・ 18 February 2022

Yogonet

Massachusetts casino revenue down to $88M in Nov. amid voluntary self-exclusion milestone

Gross gaming revenue dipped by approximately $8 million in Massachusetts in November when compared to October, according to figures reported by the state Gaming Commission. Combined GGR from all three casinos - MGM Springfield, Encore Boston Harbor and Plainridge Park Casino - was $88 million in November, down from $96 million the prior month. MGM…

Finance ・ 15 January 2022

Gambling News

Gambling Revenues in Atlantic City Skyrocket in August 2021

The gambling operators in Atlantic City recorded another strong month in terms of gambling revenue, according to figures released by the Division of Gaming Enforcement. Total gaming revenue filed last month hit $427.7 million, which represents an increase of 31% when compared to August 2020. Despite the devastating impact of the pandemic last year,…

Finance ・ 18 September 2021

Trib Live

Pennsylvania casino income continues to break records

Pennsylvania casinos continue to see year-over-year growth, with the industry posting a record $3.87 billion in revenues last fiscal year, according to state regulators. The influx of revenues for casino operators comes after covid-related restrictions had facilities shuttered for several months during the 2019-20 fiscal year, with casinos…

Land-based ・ 19 August 2021

Gambling News

Las Vegas Is on Its Way to Economic Recovery, Says New Study

A new study by the UNLV Center for Business and Economic Research suggests that gambling revenue and visitor volume in Las Vegas will increase gradually until the end of this year. According to the study, the positive trend will continue in 2022. Last year, the global COVID-19 outbreak brought many difficulties to businesses around the US. The…

Covid ・ 25 June 2021

Gambling News

Massachusetts Casinos Surpass Pre-pandemic Gross Gaming Revenue in May

Last month, the three commercial casinos in Massachusetts raised $87 million in gross gaming revenue. Comparing this number to February 2020, when gaming revenue halted at $85.8 million, we see that the commercial casinos have reached GGR higher than pre-pandemic levels. In a report released on Tuesday this week, the Massachusetts Gaming…

Covid ・ 19 June 2021

Online Poker Report

Casinos Beat Sportsbooks Two-To-One In Online Channel Revenue

In states with both legal iGaming and online sports betting, the former is king. Online casinos - with a bit of help from poker rooms - reliably produce more than twice as much revenue as sportsbooks. This March, iGaming yielded more than $300 million in revenue for Michigan, New Jersey, Pennsylvania and West Virginia, according to reports from…

Sports ・ 07 May 2021

Forbes

Casino Gaming Revenue Skidded 31% In 2020 Amid Pandemic

U.S. casinos' revenue plunged31.3% to $30.0 billion in 2020, the lowest level since 2003, the American Gaming Association reported Wednesday, primarily due to the devastating impact of the coronavirus pandemic. It's the first time overall revenue has fallen since 2014. U.S. casinos lost 27% of their normal operating days due to mandated closures to…

Covid ・ 17 June 2021

Lancaster

Pennsylvania casinos saw revenue drop by $759 million in 2020, state reports

Jan. 22-Pennsylvania casinos saw total revenues decrease by $759 million in 2020, a year plagued by the coronavirus pandemic that forced the properties to shutter for several months. According to a new report from the Pennsylvania Gaming Control Board, $2.65 billion was generated last year from the state's 13 casinos through slot machines, table…

Finance ・ 23 January 2021

Gambling News

Will More U.S. States Legalize Online Gambling This Year?

The legalization of online gambling across the U.S. will bring tax revenue which may prove to be vital, considering the economic impact of the pandemic in 2020. Considering the significant number of gambling retails in Nevada, the state may not engage in expanding of iGaming beyond online poker. The U.S. iGaming market has been slowly growing since…

Law ・ 19 January 2021

Calvin Ayre

Lithuania’s online gambling sector overtakes retail ops during pandemic

Lithuania's local gambling market suffered only a modest revenue hit this year thanks to online gambling growth, although land-based slots halls remain the local favorite despite the fact that they keep shutting their doors. Lithuania's Gaming Control Authority (GCA) recently released statistics showing the local gambling market generated revenue…

Covid ・ 19 January 2021

Tunf

Maryland Casinos Rebound as Ohio Casinos Make Profits Despite Restrictions

The fall in Maryland casino revenue remained below 1% in october due to pandemic closures, while the Ohio casino gaming market hit a new revenue record for the month. Maryland's six casino operators produced combined revenues of nearly $ 142.7 million in october, according to figures released by the state's Lottery and Gaming regulator. This…

Lottery ・ 19 January 2021