The GGR of all Italian igaming verticals decreases in February – Online Casino
Italian online gaming gross revenue was down month-over-month in February, thanks to lower revenue across all verticals.
Online casino revenue was unable to keep pace with January’s record total, down 22.3% to 147.7 million euros in February. However, that total was still up 3.3% from February 2021.
The online casino market was more fragmented than ever, with market leader PokerStars’ revenue share dropping to just 8.67%. Sisal – which will soon be owned by the same owner as PokerStars when its acquisition by Flutter is finalized – was close behind, with an 8.57% share.
Only 0.13 percentage points separated PokerStars from third-ranked operator, Playtech-owned Snai, which held an 8.54% share.
Further behind, Lottomatica’s market share was 7.41% while for SKS365’s Planetwin365 brand, that figure was 5.94%.
In sports betting, combined online and retail revenue fell 3.0% from January to €204.7 million, but that was 10.3% more than the total of February 2021, when the retail sector was closed due to Covid-19 measures.
Looking only at online betting revenues, these fell more sharply, by 5.2% to 122.1 million euros, the lowest figure since October 2021.
Snai maintained its lead as the largest online betting operator with a 13.8% market share ahead of Sisal’s 13.4%.
However, for the overall betting market, Snai slipped into second position with a 15.6% share, just before being overtaken by Goldbet with 15.7%.
Poker tournament revenue fell quite sharply month-on-month, down 28.1% to 8.2 million euros, although January’s figure was the highest in a year. Year-over-year, the February total was down 12.8%.
Turnover for cash games fell sharply again to €5.6 million. This is a decrease of 25.3% from January or a decrease of 16.5% from February 2021.
Pokerstars continued to dominate among poker operators. While its share of tournament revenue fell below 50% in February, its revenue from this vertical was still more than five times that of second-placed Sisal.
Similarly, Pokerstars’ market share in the gambling market fell slightly to 42.51%, but that was well ahead of second-placed Goldbet’s 7.40% market share.
Bingo revenue was down 19.7% month-on-month and year-on-year to €4.9 million.
Ficom Leisure is a leading business advisory firm in Europe specializing in all segments of the betting and gaming industry.
Ficom Leisure also provides exclusive monthly estimates on the Spanish online market in the Spain iGaming Dashboard, including operators’ market shares in casinos, sports betting and poker. It also provides monthly estimates for several US states, including New Jersey in the US. New Jersey iGaming DashboardPennsylvania in the Pennsylvania iGaming Dashboard and Iowa in the Iowa iGaming Dashboard.