G3-247 Report LITHUANIAN MARKET REPORT
just as the ice cracked on the lake he fell into the lake and drowned.
Since 1905 the Sartai Horse Race has become a tradi- tional event and is usually held on the first Saturday of February.
LOTTERY The Law of Lotteries in 2004 was brought in to legalise and regulate the organisation of lotteries and to provide security for the players.
There are two types of lotteries permitted under the Lottery Law which include national lotteries and local lotteries. These can then by numeric lotteries, instant, classic lotteries or sports lotteries.
According to the amount of money that can be dished out as prizes there were two new kinds of lotteries established under this law – A grand lottery where the nominal value of the ticket is not limited and a small lot- tery which can be organised for events and the value of tickets cannot be higher than LTL100,000.
There is no law to create a monopoly and any registered company in all reality can apply for a licence to operate a lottery and currently there are just a couple of compa- nies that do so.
Licences to operate a lottery are issued by the State Commission for Gambling Supervision and for small lot- teries a licence can be provided by the municipality.
Only national enterprises or foreign enterprises with established subsidiaries can operate lotteries and they
COMPARISON BETWEEN THE THREE LOTTERY COMPANIES 2013/2012 LOTTERY
TICKETS DISTRIBUTED
Oliferja Zalgirio Lietloto TOTAL
76,505,258 785,931
3,895,398 81,186,587
The Law of Lotteries in 2004 was brought in to legalise and regulate the organisation of
lotteries and to provide security for the players. There are two types of lotteries permitted
which include national lotteries and local lotteries.
must be set up to support a charity. The company must have a share capital of not less than LTL500,000 for a grand lottery or LTL50,000 for a small lottery. Lotteries pay a gambling tax of five per cent on the sale of tickets. There are currently three lottery operators in Lithuania.
The largest lottery organiser is Olifeja which was found- ed in 1992 and began with instant tickets. Between 1993 and 1995 Olifeja extended its activities to a multiple game strategy and via kiosks in banks, post offices and
TICKET TURNOVER
LTL169.5m LTL1.2m LTL3.9m
LTL174.7m
WINNINGS PAID OUT LTL88.5m
LTL476,906 LTL2.2m LTL91.2m
retail stores. Today the company has a 99 percent share of the market.
It is an Olympic Lottery and revenue goes towards financing the Lithuanian Olympic Committee and Olympic Foundation of Lithuania and funds sports clubs and programs.
In 1995 Olifeja launched a computerised online network in cooperation with GTECH Corporation and today there are 820 retailers equipped with online terminals. Tickets offer a random selection of numbers with each ticket giving up to 25 numbers. Tickets for this game cost LTL2 (€0.58)
There are various lottery games on offer including Teleloto, Viking Loto, Eurojackpot, Kenoloto, Jega and Jega-2 plus various scratchcards. Teleloto is by far the largest game and makes up 75 per cent of sales.
You can buy tickets online by registering and pay via e- banking. Superloto is played live every five minutes between 9am and 3am.
Zalgirio Loto is less well known and was set up in 1992 9 9
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