• August 2, 2021

Gambling Is Growing

So we keep hearing about betting’s growing popularity, and that is even clearer in some places. Italians like gambling online, and two kinds of games nearly monopolized the gamblers’ attention in 2016. These were casino games and sports bets, which experienced a 25% increase, surpassing the €1 billion threshold during 2016. According to figures from the Online Gaming Observatory casino games in particular reached €439 million with a 43% market share, while sports betting reached €350 million (+31%.) With this Italy becomes EU’s second largest online betting market.
Italy’s online sports betting turnover surges 44.5% in March, online sports betting market continued to shine in March, with betting turnover rising 44.5% year-on-year.
Figures compiled show that Italian-licensed online sportsbooks handled €478.4m in March, 44.5% higher than the same month last year.
But not everything is good news for bookies, because the poker tables continue to suffer from a seemingly-unstoppable loss of players: their spending in 2016 totaled just €133 million (-10%, in comparison with 2015.) Poker was #1 in 2012, comprising nearly half of all online gambling’s business. The remaining market share consists of all of the other forms of online gambling: from skill games to bingo, scratch cards to “Win for Life” games, virtual betting to horseracing. This miscellaneous category saw a 20% increase last year. For the first time ever, online gambling’s growth dynamics have surpassed those of entertainment and show business; this has caused Italy to become the EU’s second biggest market for online gambling, only behind the United Kingdom.
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Over the course of 2017, there are preparations for a call for bids to award 120 new long-distance gaming licenses. This €24 million, operation should attract new parties. “This call for bids should redefine the sector’s competitive balance,” explains Samuele Fraternali, senior researcher at the Online Gaming Observatory, “Furthermore, these professionals will have to adhere to the new privacy law in order to protect the bettors even more.” This obligatory agreement calls for, among other things, establishing a supervisor who will be in charge of protecting sensitive data. As far as the offer is concerned, there have been developments in the world of betting on horse races and, especially, professional video gamers—the so-called “e-sport champions.” This latter category, in particular, is even capable of drawing in very young people, since it involves live TV and streaming events. It’s very popular among teenagers in Asia, with tournaments where the winners play for million-dollar jackpots.
Italy has plenty of arguments to engage more people in gambling, one of the best football league sin the world for example containing three of the world’s most famous clubs in Juventus, AC Milan and Inter Milan, this league is certainly worthwhile keeping an eye on. with Serie A coming to week 32, make sure to follow our free Serie A predictions, find the best lines and odds at BetRegal.net don’t miss out getting in the action because gambling is growing

Steve Carr

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