<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=360133424683380&amp;ev=PageView&amp;noscript=1">

More than half of Italy's online gaming revenue for February attributed to sportsbook

Revenue across all online verticals ticked up 4.6% from January

At a time when retail betting shops are closed, Italy experienced a boom in sportsbook performance exceeding January's record.

February marked another astounding month in 2021 for Italy's betting revenue as the figures hit €351.2m.

Italy gaming revenueThe closure of all land-based betting shops in the country played a huge role in this 4.6% uptick compared to January of the same year. When compared to February 2020, the revenue was also up 94.8%.

When it comes to online casino, this was the third best month of all time.

The growth in revenue can be mostly attributed to sports betting as from €351.2m, more than half this figure, €185.5m came from sports betting.

Online casino revenue for February was down 12.3% month-on-month but up 83.1% year-on-year reaching €143.0m.

The revenue for poker also dipped from the prior three months but still went up 43.4% when compared to year-on-year revenue. Poker tournaments contributed €9.8m from the total revenue and cash games bridged in another €6.7m.

On the other hand sportsbook in Spain took a hit in revenue. This was because of the COVID pandemic as well as new restrictions imposed by the gambling regulator and Ministry for Consumer Affairs on gambling advertising.

Source: iGB

M&A Action:

Whether you’re a startup looking for seed investments or an established company looking for an exit, we’ve got your back! We’ll connect you to the right people to make sure you’ll get the best evaluation for your business. What’s more, we won’t charge you a dime for this consultation! Let us help, sign up here.

Related Posts