Online Gambling

Italy

Highlights

Revenue in the Online Gambling market is projected to reach US$3.21bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.55%, resulting in a projected market volume of US$4.20bn by 2029.
The Online Casinos market has a projected market volume of US$1.71bn in 2024.
In global comparison, most revenue will be generated United States (US$24.98bn in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$912.50 in 2024.
In the Online Gambling market, the number of users is expected to amount to 4.3m users by 2029.
User penetration in the Online Gambling market will be at 6.0% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Gambling market in Italy has experienced significant growth in recent years, driven by changing customer preferences and favorable local special circumstances. Italians have shown a growing interest in online gambling, leading to an increase in the number of online gambling platforms and the amount of money spent on these platforms.

Customer preferences: Italian customers have shown a preference for online gambling due to its convenience and accessibility. The ability to gamble from the comfort of their own homes or on the go through mobile devices has made online gambling a popular choice. Additionally, the wide variety of games and betting options available online has attracted a diverse range of customers.

Trends in the market: One of the key trends in the Italian online gambling market is the growth of sports betting. Italians have a strong passion for sports, particularly football, and this has translated into a high demand for sports betting. Online gambling platforms have capitalized on this trend by offering a wide range of sports betting options, including live betting and virtual sports. Another trend in the market is the increasing popularity of online casino games. Italians enjoy playing traditional casino games such as blackjack, roulette, and slot machines, and online platforms have made these games easily accessible. The availability of live dealer games, where players can interact with a real dealer through a video stream, has further enhanced the online casino experience.

Local special circumstances: Italy has a well-regulated online gambling market, which has contributed to its growth. The country has implemented strict licensing requirements and regulations to ensure the integrity and fairness of online gambling operations. This has created a sense of trust among customers and has attracted reputable international gambling operators to enter the Italian market. Furthermore, Italy has a strong tradition of gambling, with a long history of land-based casinos and betting shops. This cultural acceptance of gambling has translated into a willingness to try online gambling platforms.

Underlying macroeconomic factors: The growing online gambling market in Italy is also influenced by underlying macroeconomic factors. The country has a relatively high internet penetration rate, with a large percentage of the population having access to the internet. This has created a large potential customer base for online gambling platforms. Additionally, Italy has a stable economy, which has allowed consumers to have disposable income to spend on leisure activities such as online gambling. The availability of secure online payment methods has also facilitated the growth of the market, as customers feel confident in making financial transactions online. In conclusion, the Online Gambling market in Italy has experienced significant growth due to changing customer preferences, such as the convenience and accessibility of online gambling, as well as favorable local special circumstances, including a well-regulated market and a cultural acceptance of gambling. The underlying macroeconomic factors, such as high internet penetration and a stable economy, have also contributed to the market's development.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.