Italy’s regulated sports betting market suffered a bit of a setback in April, but don’t blame online operators.
Figures published Friday by Italian gaming news outlet Agimeg show total sports betting turnover of €955m in the month of April, down nearly 5% from the same month last year. Betting revenue was also negative, falling 2% year-on-year to €146.5m.
The declines weren’t online betting operators’ fault, as online betting revenue improved 3.7% to €58.7m, while retail betting revenue slipped 8.1% to €87.8m. For the first four months of the year, online betting revenue is up 47.6% to €221m while retail revenue is up 45.6% to €310.5m.
Virtual betting – wagering on the outcome of digitally simulated sports – continues to be a major force in Italy, with turnover of over €139.3m and revenue of €20.5m in April. Compare that to wagering on horseraces, which managed turnover of just €35.3m and revenue of €8.4m.