Record online casino revenue propels Italy to January GGR of €324.9m – Online Casino
Italian gaming revenue reached 324.9 million euros, the highest total in eight months, driven mainly by record online casino gaming revenue.
Revenue across all online verticals was €324.9 million, the fifth-highest figure ever in a month. However, this was still 3.3% below the total recorded in January 2021.
The month-on-month growth was mainly due to a new record in online casino revenues, which reached €171.0 million in January, 5.0% more than in January 2021 and beating the record of 165.5 million euros set the previous month.
January 2022 online casino revenue was also well over double the figure recorded two years earlier.
Online sports betting GGR, meanwhile, rose slightly month-on-month to €128.8 million, but that was well below the €143.6 million recorded in January 2021.
When the retail sector is also included, overall sports betting revenues amounted to €211.0 million, which was again slightly more than in December 2021. However, the retail sector retail being blocked for the entire month of January 2021 and therefore contributing no revenue, combined sports betting revenue increased by 46.9%.
Poker revenue increased month-on-month, with €11.4m from tournaments and €7.5m from cash games, but both figures were far behind the totals achieved in 2020 and early 2021 as the Covid-19 pandemic led to a resurgence in poker.
Bingo revenue also rose slightly month-on-month, to 6.1 million euros.
As for dominant operators, PokerStars continued to lead the way in online casino, but with a market share of less than 10%.
Following were two companies that may soon change hands. Snai – owned by Playtech, which is the subject of an offer by TTB Partners – held an 8.79% share. In third place was Sisal, which PokerStars owner Flutter agreed to acquire, with a market share of 7.93%. Lottomatica, fourth, had been sold by former owner IGT last year.
In online sports betting, the market leader was Snai with 13.7% of revenue. Sisal followed with 13.3%, while Bet365, PlanetWin365, Goldbet and Eurobet all continued to hover around the 10% mark.
When retail is included, Snai and Goldbet led the way, with 15.2% and 15.1% of the market respectively. Sisal had a market share of 13.1% while Eurobet’s was 11.7%.
Pokerstars continued to dominate poker, with its share of tournament revenue rising above the 50% mark. For gambling, its market share was slightly lower, at 42.74%.
Ficom Leisure is a leading business advisory firm in Europe specializing in all segments of the betting and gaming industry.
Ficom Leisure also provides exclusive monthly estimates on the Spanish online market in the Spain iGaming Dashboard, including operators’ market shares in casinos, sports betting and poker. It also provides monthly estimates for several US states, including New Jersey in the US. New Jersey iGaming DashboardPennsylvania in the Pennsylvania iGaming Dashboard and Iowa in the Iowa iGaming Dashboard.