Latvia gambling revenue reported a decline of 26 percent for the first half of the year. So it was according to a Ministry of Finance report. Also, the gambling industry collected €7 million in the first six months of 2021. It was almost €16 million less than the estimated amount.
Seventeen merchants control gambling in Latvia. According to sportsbook pay per head reports, ten of them operate gaming halls and casinos. Around 3,000 employees work in the industry. However, the pandemic impacted it, which resulted in lower revenue.
Bookie PPH experts looked at the results of the first half and saw that traditional gambling facilities were open only for 16 days. That’s why there was no surprise that the revenue dropped during the period.
Latvia Gambling Revenue
The pandemic impacted the overall results of the Latvia gambling industry. On the other hand, online gambling didn’t stop during the period. In 2020, interactive gambling stopped in around two months. On the other hand, it worked without any stoppages this year. Most of the revenue in the first six months of 2021 came from interactive gambling.
According to bookie pay per head sources, interactive gambling revenue increased by five percent. Also, it has an upward trend. However, compared to the last quarter before the current pandemic, the total volume of gambling in the country dropped by two-thirds.
It was vital because it showed that people who previously played in person are not playing online. Although some gamblers transitioned from gambling halls or casinos to online gambling platforms, their number can’t compensate for the amount earned before the pandemic.
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