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Retail betting touches record high in Italy

Published

7 years ago

August 23, 2018

Niji Narayan

Retail betting touches record high in Italy

Photo Credits: Reuters

Reading Time: < 1 minute

The first seven months of activity saw the Italian retail betting reaching unprecedented highs. The industry garnered revenues of €490.6 million during this period, boosted obviously by the FIFA World Cup.

Within the country, Naples recorded the most revenue during the last seven months as it reached €71.4 million. Gamblers wagered €448 million across the 1263 retail betting points across the region.

The capital city, Rome, and its surrounding area recorded a €39.2 million revenue, with betting turnover of €223.5 million and came in second. Milan followed them both as it recorded bets of €139.6 million and revenue of €26.3 million.

The news outlet reported that the country’s overall sports betting revenue reached €852 million in the first seven months of the year, which meant a 43.3 per cent increase year-on-year.

Source: focusgn.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.