Italy's igaming revenue declined to €276.4m in May from April’s €292.2m, mostly due to a dip in online sports betting.
Online sports betting revenue continued its downward trend, dropping below the €100 million mark for the first time since October 2021. This is compared to €153.5 million from May 2021. This drastic year-on-year drop is partially explained by restrictions that were in place on the retail sector in May last year, prompting more customers to bet online.
However, retail sports betting also suffered a sudden decline on a month-on-month basis after a period of stability, coming down from €83.5 million in April to €66.4 million in May.
In contrast to the betting figures, casino revenue ticked slightly upwards to €161.8 from €155.1 million. As a result, the igaming revenue product split swayed heavily away from sports betting, taking up only 35.3% of the market in May as opposed to 40.7% in April.
The drops in market share that the biggest four online casino operato..