Italy sets online casino revenue record; PokerStars’ grip slips

Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record.

Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion of that total was up 27.5% to €60.8m, dramatically outpacing retail betting’s 8.7% growth.

UK operator Bet365’s Italian site claimed top honors in the individual online sports betting operators with revenue of €10.1m, while SKS365 Group’s Planetwin365 brand wasn’t far behind at €8.5m. The rest of the top-five was a dogfight between Snaitech (€5.7m), Eurobet (€5.1m) and Sisal (€4.9m).

The online casino vertical set a new monthly revenue record with €59.7m, a hefty 30.4% improvement over the same month last year. Local boys Lottomatica claimed top individual honors, although its 9.03% online casino market share was a mere whisker above The Stars Group’s PokerStars at 9.01%. Sisal (8.33%), Eurobet (7.23%) and GVC Holdings’ Bwin (5.91%) rounded out the top-five.