{"id":13263,"date":"2025-08-14T13:38:35","date_gmt":"2025-08-14T13:38:35","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=13263"},"modified":"2025-08-14T13:38:35","modified_gmt":"2025-08-14T13:38:35","slug":"latvias-gambling-market-tilts-online-as-land-based-revenue-plummets","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets\/","title":{"rendered":"Latvia\u2019s gambling market tilts online as land-based revenue plummets"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Latvia\u2019s gambling industry is undergoing a dramatic transformation, with online play overtaking brick-and-mortar venues in market share for the first time. Data from the Latvian Licensed Gambling Association (LLAB) shows that by mid-2025, <strong>online gambling captured 51% of total licensed revenue<\/strong>, continuing a trend that began in 2024.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"706\" height=\"529\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets2.jpg\" alt=\"\" class=\"wp-image-13266\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets2.jpg 706w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets2-300x225.jpg 300w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In contrast, <strong>land-based casino and slot hall revenues<\/strong> have been on a steep decline\u2014falling from an estimated \u20ac120 million in 2023 to \u20ac100 million in 2024, and just \u20ac45 million in the first half of 2025.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Juris Celm\u0101rs, Chairman of OlyBet Group Latvia and Olympic Casino Latvia, noted that customers are increasingly drawn to <strong>interactive, at-home entertainment options<\/strong>, further accelerated by improvements in mobile gaming and payment systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/gambling-latvian-regulator-still-hasnt-recovered-from-covidnow-faces-a-7-3m-lawsuit\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gambling Latvian regulator still hasn\u2019t recovered from COVID\u2014now faces a \u20ac7.3M lawsuit<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The decline may be compounded by upcoming amendments to the Gambling and Lottery Law, which could force physical venues to adopt \u201cinvisibility\u201d facades, minimizing their presence in public spaces. Celm\u0101rs has urged for <strong>clear, consistent municipal guidelines<\/strong> to manage these changes.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3-1024x640.jpg\" alt=\"\" class=\"wp-image-13265\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3-1024x640.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3-300x188.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3-768x480.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3-1536x960.jpg 1536w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/latvias-gambling-market-tilts-online-as-land-based-revenue-plummets3.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">With over 1,000 people employed in the land-based sector, the shift raises questions about how Latvia will balance <strong>economic impact<\/strong>, <strong>consumer protection<\/strong>, and <strong>digital innovation<\/strong> in its evolving gambling landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watchdog group 4H Agency agrees the bill addresses real issues but warns that a state-controlled online monopoly could drive players to unregulated platforms, undermining consumer protections.<\/p>\n","protected":false},"author":1,"featured_media":13267,"menu_order":66,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[57,3184,3322,105],"class_list":["post-13263","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-casinos","tag-europe","tag-latvia","tag-sports-betting","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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