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.

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