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The Lithuanian Sports Betting Market Recovers From Its Covid-Induced Decline And Altenar’s Insights Prove Invaluable For Market Newcomers
As the world reopens and the sports betting industry recovers and exceeds its pre-covid popularity, it's no wonder that the likes of Altenar are seeing an increased interest in the Lithuanian market as iGaming newcomers swarm to the sports betting software provider.
Having operated within the market for some time, Altenar’s market insights have proved not only valuable to those looking to enter the market, but have demonstrated the continued growth and healing process of Lithuania’s sports betting market post-covid.
Amid a year of expo returns, shaking hands again and generally witnessing a return to normality for the sports betting market, some changes have occured within the market space and with Altenar’s help, you can navigate the often developing world of sports betting with ease.
Altenar, the sportsbook software provider, strives for challenge because it’s in these moments some of the most forward-thinking work can take place, which was offered in abundance by the pandemic and within the Lithuanian market.
Having compiled a series of market reports, Altenar was able to discern how the Lithuanian market had increased so vastly in such a short period of time and recognised that revenue had increased to $155.8M by 2022 which meant that iGaming outpaced retail decline.
Though, what else was Altenar able to learn, for you, about the recent changes to the Lithuanian market?
Let’s take a look …
From In-land to Online
Altenar also noted that as the market recovered a greater shift and adoption of online gaming took hold, much as it had across numerous regions around the world.
This in-land decline was curated by a stronger online performance, thanks to the likes of Altenar who make gaming efficient, fun and widely accessible. As this foothold grew, the iGaming revenue increased exponentially by 71.5% to $102.1m. In line with customer spending, that grew from $1.02BN to $1.63BN, demonstrating a yearly increase for the online gaming market.
With an increase of iGaming in the region, it’s no wonder that operators new and seasoned are looking to harness Altenar’s sportsbook software and the range of advantages, industry know-how and state-of-the-art technologies that is offered by partnering with the popular sports betting provider.
Altenar offers clients access to several data providers, traditional sports betting leagues and virtual gaming. Though it doesn’t stop there, Altenar also has a risk management service, excellent customer service, a core-belief and drive to action to make the needed and desired changes to their software.
The sportsbook software provider also boasts a customisable front layer for their clients so any aesthetic wants can be met and a manual-aspect backend where sports content can be changed and adapted to what the market prefers all while creating all-important reports.
If you’re looking to harness Altenar’s sportsbook software, or, you’d like more information on a plethora of sports betting markets you should contact the team behind the blue light of Altenar today and arrange a meeting with the passionate professionals.