Sports betting inspires Italian gambling growth

Sports betting inspires Italian gambling growth

Wednesday, May 4, 2016 Totally Gaming

Sports betting grew by 42 per cent in Italy during the first three months of 2016.

The vertical expanded to €96m ($110.3m) in Q1 according to figures released by the Italian authorities, with online sportsbook revenue rising by 97 per cent to €36m.

While operators were boosted by favourable sporting results in January, the sector’s growth was attributed to a reduction in gaming duties, with decreased costs allowing legal operators to compete with their unlicensed rivals.

Total online gambling revenue was at €267m, up 21% on the same period last year, with casino takings up 38 per cent to €106m.

Cash game poker was down 18 per cent to €20.7m, with tournament revenue up 6.6 per cent to €22.4m and bingo increasing by 2.9 per cent to €7.5m.

TotallyGaming.com says: “The growth in sports betting and overall gambling shows that the Italian market is an area of huge potential for operators.”

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