March 18, 2023 - 3:15 pm

Sports betting in Italy revenues slumped despite World Cup

Sportsbook Italy revenues ahead of the World Cup. In the run-up to the World Cup, Italian gaming revenues fell slightly to €322 million in November from €331 million in October.

Revenue igaming in Italy 2022-2023

igaming revenue in Italy has remained relatively stable since September 2022, when it crossed the €300 million mark. Although revenues reached €322.5 million in November, down 2.6% month-on-month, they were still up 6.0% year-on-year. While sports betting experienced the biggest decline in November, down 4.3%, with revenues of €126.3 million, the decline was largely consistent across all industries. Perhaps the decline was also related to the fact that the Italian team had not qualified for the World Cup in Qatar.

However, online sportsbooks still outperformed retail sportsbooks, which declined by 16% mom, with revenue falling from €88.6 million in October to €74 million in November.

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