Italian online gambling enjoys a strong performance in March

Latest numbers from Italian news outlet Agimeg show that the Italian online gambling market continued to deliver a robust performance in March, delivering new online casino revenue records and outstanding sports betting results.

The online sports betting vertical delivered revenues up 82.4 percent year-on-year at Euro 51.3 million over the month on turnover that rose 12.4 percent at Euro 546.2 million. By contrast, the retail sector generated revenues of Euro 59.8 million on turnover of Euro 385.4 million.

Top online sports betting performer was Bet365 with market revenue share of 16.5 percent, followed by Planetwin365, Eurobet, Snaitech and Sisal.

Overall revenue in the online casino vertical rose 27 percent y-o-y to Euro 60.6 million, overtaking the old record of Euro 59.7 million recorded in January this year. PokerStars led the market with 9.3 percent market share, pursued by Lottomatica on 8.8 percent and Sisal, Eurobet, and 888 Holdings.

Online poker performance remained low but positive, with tournament fees up 7.4 percent at Euro 8 million, and cash games stakes up 1.5 percent at Euro 6.3 million. Predictably, PokerStars led the vertical, with 62.4 percent of the tournament market and 40.3 percent of cash game spending.

The virtual sports vertical was almost entirely successful in the retail sector, where Euro 21.1 million of the total Euro 22.8 million in revenue was generated. Goldbet dominated the sector, followed by Snaitech and Eurobet.

Online bingo revenues came in at just Euro 2.8 million.