Italy stems flow of year-to-year drops in igaming GGR
Italian igaming revenue rose year-on-year in April for the first time since November 2021. However, this figure was down month-on-month.
Italy’s igaming market revenue declined slightly month-on-month, at €292.2m 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.
The biggest four online casino operators by GGR all lost ground to their competitors, Sisal and Snai being the worst affected as they drop to 8.5% and 8.3% market shares respectively, while Pokerstars’ share declined to 8.8% and Lottomatica 7.3%.
In contrast, on the online sports b..