Italy has proven to be the outstanding performer of the online gambling industry for 2019. The claim comes from its amazing growth in its sports betting areas along with its halted decline in poker as it continues to remain strong.
The Italian regulatory body named Agenzia delle Dogane e dei Monopoli, also known as the ADM, has shown significant increases in the revenue which came from sports betting since the beginning of 2019. Reports tell that a massive 1,59 billion euros was raised, which is a 7.4 % increase since 2018. Between its retail and online betting, a number between 867.5 million euros and 725.2 million has been divided between the two, presenting the big whopper of a profit.
The biggest increase in profit that came from 2019 was in December, where the numbers raised significantly in just a short month. The number jumped up to 123%, which has been the biggest increase on an annual basis for any month. While the online revenue doubled from this increase, it was retail betting which managed to jump up higher than ever before, earning the country 125 million euros from a 153% increase.
The best online operator in Italy was Bet365 for the site scoring an incredible 26.7% of sales and online revenue scoring 13.7%. The second greatest operator in Italy was Playtech, or at the least, their Snaitech branch of the company. They scored a 13.5% share of the sales. Lastly, the third highest-ranked of the operator scoring boards SKS365, with a total of 12.1%.
With the money earned, Italy has big plans for 2020 when it comes to their slot machines and gaming concessions. They plan to include nine new instalments, as well as adding a big number of 200,000 slot machines, 50,000 VLT’s and 35,000 entertainment stands with bonuses.