In a recent report published by iGaming Business, it was revealed that the online slots industry in Lithuania has experienced significant growth in the first half of 2021. This growth has resulted in a substantial increase in the country’s overall gambling revenue, reaching a total of €116 million.
The report indicates that online slots have emerged as one of the most popular forms of online gambling in Lithuania, with a growing number of players turning to the digital platform to enjoy their favorite games. This surge in popularity can be attributed to a number of factors, including the convenience and accessibility of online gambling, as well as the wide variety of games available to players.
In addition to the rise in online slots, the report also highlighted the growing popularity of online casinos in Lithuania. These platforms offer a wide range of casino games, including poker, blackjack, and roulette, all of which have contributed to the overall increase in gambling revenue.
The report also noted that the COVID-19 pandemic played a significant role in the growth of the online gambling industry in Lithuania. With traditional land-based casinos closed due to lockdown restrictions, many players turned to online platforms as a way to continue enjoying their favorite games.
Despite the positive growth in the online gambling sector, the report also highlighted some concerns regarding the impact of gambling addiction in Lithuania. The country has seen an increase in the number of individuals seeking help for gambling-related issues, prompting calls for stricter regulations to protect vulnerable players.
Overall, the growth of the online slots industry in Lithuania has had a significant impact on the country’s gambling revenue, with online platforms now accounting for a large portion of the market. As the industry continues to evolve, it is likely that online gambling will play an increasingly important role in Lithuania’s gaming landscape.
