Online Gambling Industry In Italy: A Sharp Growth Slowdown

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April 18, 2022
2 minutes

The growth of the online casino market in italy has been minimized in october of the current year. The reason for the negative result was the consideration by the government the possibility of introducing tax winning tax.

Online Gambling Industry in Italy: A sharp growth slowdown

According to the igor region regulator italy – agenzia delle dogane e dei monopoli (adm), – in october, licensed online casino operators received a total income in the amount of €65.7 million. Compared to the same period last year, the increase was minor 1.2%.

However, the indicator is significantly less than september results that reached €71.8 million. Among other things, the annual growth rate also slowed down sharply. Vertical online casino, as a rule, is distinguished by double-digit growth, for example, in september, a rise by 22.4% was stated.

Despite the general disappointing results, the pokerstars brand from the stars group retained the championship in the industry, followed by brand playtech – snaitech – and issued to the third place lottomatica.

Italian sport rates market also stated a reduction in revenue by 3.Five% – before €128.7 million. Income from online betting has decreased by 0.7% – before €56.5 million, and the ground segment generated only €72.3 million, stating the drop in indicators by 5.8%. Palm championship in the segment kept bet365 (14.8%), in second place – sks365 (14.2%), «bronze» for snaitech (13.7%).

The Online Poker Segment Was Seriously Injured in October

Segment online poker seriously suffered in october. Income from cache games decreased by 7.6% and amounted to €4.9 million, and tournament indicators fell by 13.Five% – before €five.8 million. Pokerstars dominates both business branches – 43.3% of the cache game market and 58% in tournaments.

It not known how much the restrictions on advertising gambling reflected on the industry.

Government, however, quite the result – for the first nine months of this year, tax revenues to the budget amounted to €eleven.53 billion, which is 7.6% exceeds last year’s figure.

State treasury awaits additional revenues due to the change of tax policy. Presumably, next year, the increase will be €700 million, and in 2021 – €600 million. Despite the impressive financial forecasts, the government of italy does not refuse the idea of ​​introducing the tax on winnings.

Recall that in italy, the rules for the distribution of lottery tickets changed.

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