GENERAL INFORMATION
Lithuania is a country located on the southeastern coast of the Baltic Sea in northern Europe. Founded in the 13th century, Lithuania became a major European power as the centre of the Grand Duchy of Lithuania, which was one of the largest and most influential states in medieval Europe.
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2,871,585 people was the estimated population of Lithuania in 2023. .
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US$79,790,000,000 was the Gross Domestic Product (GDP) in 2023.
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US$ 27,786 was the Gross Domestic Product per capita in 2023.
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US$ 1,459* per month was the average salary in first quarter of 2024.
*Converted from EUR to USD, valid as of 07.04.2025: 1 EUR = 1,10 USD.
CORRUPTION PERCEPTION INDEX
In 2024 Lithuania was ranked 32 in the Corruption Perceptions Index with its score at 63 and shared its place with Chile and Saint Vincent and Te Grenadines.
88,5 % of Lithuanians used the Internet in 2023.
E-COMMERCE PAYMENTS
According to the survey of 2022, Lithuanian payment market was divided as follows: ~59% for cards (mostly debit), which were the dominant method for online purchases, ~26% for digital wallets, which were especially popular among mobile users for smaller purchases, then ~10-12% for bank transfers, still widely used, particularly for larger transactions or B2B, and finally ~2-3% for “buy now pay later”. Also, Open Banking (PIS) was noted as rapidly growing.
SOCIAL MEDIA
Facebook was the most widely used social media channel in Lithuania, with market
share of 77,83%, followed by 7,59% for Instagram, 5,97% for Pinterest, 2,83% for X (formerly known as Twitter), 2,28% for YouTube, and 3,5% for other social medias.
MARKET SIZE u
US$310,603,430 made up the Gross Gaming Revenue (GGR) in 2023.
REGULATED VERTICALS
Lithuanian gambling verticals are inter alia: u
Online gambling; u Land-based casinos;
u Land-based slot machines hall; u Land-based sports betting; u Lottery.
Half-monopoly LICENCES IN EACH VERTICAL
Lithuania regulates a general authorisation to operate gambling – license and also issues a specific site- based authorisation to operate gambling at a particular location (casino, betting shop, slot machines hall, etc.) – permit.
Terefore, each applicant will receive a general gambling license and, whereas required, additional permit to operate a land-based establishment.
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Gambling license (for all types of gambling), and additionally:
- Online gambling permit; - Land-based casino permit; - Land-based slot machines hall permit; - Land-based sports betting permit; - Land-based totalisator permit*; * Totalisator is a pooled wagering system
TAXES AND FEES PAID UNDER GAMBLING LAWS TAX Tax
Taxable base Tax amount Vertical
28
in which payouts are calculated by dividing the prize fund among winners based on their contributions, while sports betting is a contract-based wager on the outcome of an uncertain sports event, where the winnings depend on the stake and the odds set by the operator.
GOVERNMENT AUTHORITIES
Gambling Supervisory Authority Website:
https://lpt.lrv.lt/lt/ NO. OF LICENCES ISSUED 1) Online gambling – 10; 2) Land-based casinos – 14; 3) Land-based slot machines halls – 175; 4) Land-based sports betting – 70; 5) Land-based totalisator – 0. COST & TERMS OF THE LICENCE
1) Online gambling license (indefinite term)
One-time fee for license issuance is US$550,000 and for permit issuance is US$960. Tere is also a fee of US$1,160 for the approval of documents.
Additionally, online gambling operators are required to provide investments and a paid-up authorised capital for the company depending on the types of games they will operate.
2) Land-based casino license (5 years)
One-time fee for license issuance is US$330,000 and for permit issuance is US$1,770. Tere is also a fee of US$ ,160 for the approval of documents.
Additionally, casino operators are required to provide investments1 per gaming table or slot machine and a paid-up authorised capital for the company.
3) Land-based slot machines hall (5 years)
One-time fee for licence issuance is US$330,000 and for permit issuance is US$1,770. Tere is also a fee of US$1,160 for the approval of documents.
QUARTERLY GAMBLING TAX Quarterly Gambling Tax GGR 22%
All verticals
Additionally, slot machines operators are required to provide investments1 and a paid-up authorised capital for the company.
4) Land-based sports betting & totalisator license (5 years)
LITHUANIA market report
first contact for expansion 4H Agency
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