After passing the quarter-billion revenue mark for the first time in November, Italy’s regulated operators eclipsed that record in December with a 40% month-on-month increase.
According to figures supplied by Ficom Leisure to iGB, across all online verticals the country’s operators pulled in revenues of €359m in the final month of 2020. This represented a 38.7% rise on November’s €258.9m and represented an 86% year-on-year increase.
The exceptional performance was driven largely by online sportsbooks, which posted record-breaking revenue of €177.1m in December, up 59.5% on November’s total and 94.2% on the same month the previous year.
The sharp increase was no doubt fuelled by the pandemic-related closures of retail sports betting outlets. However it’s worth noting that retail bookies had also run at a loss due to the restrictions in place the previous month, though then online market had not performed so strongly.
