Italy’s new online casino record, sports betting nearly doubles

Italy’s regulated online gambling market posted a new online casino revenue record in March, while sports betting revenue shot up over four-fifths.

According to figures compiled by Italian gaming industry news outlet Agimeg, online sports betting revenue topped €51.3m in March, a year-on-year gain of 82.4%, despite online betting turnover rising a comparatively tiny 12.4% to €546.2m. Retail betting revenue totaled €59.8m on turnover of €385.4m.

As ever, UK-listed operator Bet365 captured the lion’s share of both revenue (16.3%) and turnover (29.1%), with SKS365’s Planetwin365 in second place, GVC Holdings’ Eurobet brand coming third, with Snaitech and Sisal rounding out the top-five.

The online casino vertical had a banner month, with overall revenue rising 27% year-on-year to €60.6m, a new market record, exceeding the €59.7m recorded in January 2018. Topping the online casino earnings was The Stars Group’s flagship PokerStars brand, which scored a 9.3% share, relegating local lads Lottomatica to second with 8.8%, while the rest of the top-five played out as follows: Sisal (8.3%), Eurobet (6.2%) and 888 Holdings (5.5%).