ROME: Italy’s online gambling market is the second largest in Europe thanks to a 25% rise in operator revenue last year.
Figures released this week by the Milan Polytechnic University show Italy’s regulated online gambling market revenue totaled €1.026b in 2016, a full one-quarter higher than 2015’s total. The University believes this makes the Italian market second only to the UK in terms of revenue generation, with France in third place and Spain ranking fourth.
The casino vertical captured the bulk of online revenue at €439m, up one-third year-on-year. Sports betting wasn’t far back at €350m (+31%), while poker ranked third with €133m (-10%). All other products, including bingo, lotteries, virtual betting, exchange betting and horseracing, accounted for the remaining €97m or so in 2016’s total.
The average Italian online gambler is a male between the ages of 25-34 years old, although the ranks of females gambling online rose two points to 17% last year. The average gambler holds 2.14 online accounts while average spending per active player rose 7% to €111. The number of Italians who made at least one online bet last year was 1.79m, up 15% from 2015.
Mobile gambling accounted for nearly 23% of 2016’s total, up from 19.2% in 2015. Sports betting was the most mobile-friendly vertical, with 56% of wagering done with a handheld device compared to 29% for casino.
The Italian online market is about to get more crowded. There were 84 Italian online licenses in action at the end of 2016, although this number is expected to surge when the government makes up to 120 new online licenses available, a process that is expected to get underway in a few weeks.
The government’s tax take from online gambling was €247m in 2016, up more than one-fifth from 2015. If local media are to be believed, Italy’s gamblers are in for a bit of a shock, as the government is preparing to hike taxes on gambling winnings above €500 from the current rate of 6% to 10%. Lottery winnings of all sizes will see the tax bite rise from 6% to 8%.
