In 2018, the turnover from all gambling sectors in Latvia amounted to €293.4m whilst in 2019 turnover was €324.3m. Te industry has seen a steady increase in turnover over the last two decades from €28m back in 1997 to a high of €277m back in 2007. Te industry declined during the global crisis to a low of €133m in 2010 but has slowly crept back up over the last decade.
Gambling tax payments to the government are around €30m - €40m per year whilst the municipalities received around €9m (2018).
Gaming machines account for over three quarters of the GGR from gambling in Latvia followed by online gambling (17 per cent), gaming tables (five per cent) and then betting and bingo halls.
- Dice games - Bets - Totalisator - Bingo - Game of chance via telephone
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A licence to operate is required and companies must have a share capital of at least €1.4m whilst the interest of foreign members or stockholders shall not exceed 49 per cent.
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Licences are issued by the Lotteries and Gambling Supervisory Inspection (IAUI) for an indefinite period but re-registered each year.
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Gambling can only be operated in casinos, gambling halls, bingo halls and totalisator or
Gaming machines account for over three quarters of the GGR from gambling in Latvia followed by online gambling (17 per cent), gaming tables (five per cent) and then betting and bingo halls. By February 2020 there were 8,207 slots in the market and some 305 gaming arcades.
By February 2020 there were 8,207 slots in the market and some 305 gaming arcades. Riga has the highest number with 4,056 slots and 145 gaming arcades. Tere are five casinos and 75 betting points and two bingo halls.
Te Lotteries and Gambling Supervisory Authority (IAUI) was set up in 1998 and implements state policy on the gambling and lottery operations including the issue of licences.
Te Gambling and Lotteries Law includes the following:
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Types of gambling permitted are: - Slot machine games - Roulette - Card games
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betting points. Slot machines can only be installed in casinos and gambling halls and must be operated through a network of single control and monitoring system for data exchange with the IAUI.
Casinos – must operate at least 10 gaming tables (Riga) or five tables (outside of Riga)
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Gambling halls – must operate at least 20 slot machines
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Prize money in casinos can be paid immediately if €720 or less. For amounts of €721-€14,300 this is paid within 24 hours and amounts over €14,300 will be paid out within 30 days.
l Gambling is permitted for over 18 years of age. NEWSWIRE / INTERACTIVE / MARKET DATA P103 l l
l Licensing fees: l
Te state fee applicable for slots, bingo, roulette, cards and dice games is: - €427,000 for a gambling licence (includes interactive gambling) - €200,000 for a gambling licence for gambling exclusively via electronic means (interactive). - €37,000 for the re-registration of gambling games (slots, roulette, card games etc).
Te state fee applicable for a gambling venue is:
- €30,000 fee for issue or re-registration of a casino
- €4,500 fee for issue or re-registration of a gaming or bingo hall. - €2,000 fee for the place where the wager is accepted (betting)
Lottery operators pay a state fee for a special licence annually. Tis is:
- €14,230 for national lottery - €720 for local lottery - €1,000 for national instant lotteries - €10,000 for interactive lotteries - €720 for local instant lotteries for each draw - €35 for single local lotteries.
l Yearly taxes include: l
€28,080 fee for roulette tables, cards and dice games per table
l €5,172 fee per slot machines. l
Tax on game of chance via the telephone is 15 per cent of GGR
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Gaming tax for totalisator and betting is 15 per cent of GGR
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Gaming tax of bingo games is 10 per cent of GGR
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Lotteries tax is 10 per cent for lotteries and the same for instant lotteries on income from ticket sales.
l Online gaming tax is 10 per cent of GGR.
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