Italy’s April online GGR stems flow of year-over-year drops

Italy’s April online GGR stems flow of year-over-year drops

Article brief provided by iGaming Business
  • Tansu Yilmaz, iGaming Business
June 20, 2022 8:43 PM
  • Tansu Yilmaz, iGaming Business

Italian igaming revenue rose year-on-year in April for the first time since November 2021. However, this figure was down month-on-month.

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Italy’s igaming market revenue declined slightly month-on-month, at €292.2m [US$307.1m] in April compared to March’s €302.4m. This meant that revenue was up year-on-year for the first time in six months, after revenue came to €288.1m in April 2021.

This decline has been mostly driven by a 6.7% fall in online sports betting, with revenue now sitting at €118.9m: its lowest level since October 2021. This was still above the €103.6m recorded in April 2021, however.

Though online casino revenue remained stable, there were some interesting movements between operators within the market.