MEF of Italy: Gambling Profits Declines as a Outcome of COVID-19

Italian Ministry of Economic system and Finance (MEF) has described on the gambling earnings, gathered by the Treasury from January to July 2021. The authority has revealed the facts in the modern monetary news.

In 2021, several sectors of the Italian economic system have been strike hard by the COVID-19 pandemic. And, as seen from the MEF’s report, the gambling niche was not an exception. Through the first seven months of 2021, the Treasury has collected €1.5 billion in the web on line casino, lottery, and slots profits. This is almost €900 million fewer than the revenue collected in the same interval of 2020. Very last 12 months, €2.4m of gambling incomes were sent to the condition budget.

Lottery revenue is up although the cash flow from slots drops

In 2021, lottery revenue comprised most of the gambling earnings in the country. The profits from lottery game titles was €694 million, compared to €507.2 million of gatherings in the corresponding interval in 2020. This is an over 36% yr-on-year boost.

On the other hand, profits from slot machines, like billionaire slots online games, has significantly fallen this year. When from January to July 2020, slot profits was nearly €1.58 billion, in 2021 it has dropped to just €395 million.

Read a lot more: All you want to know about on the web gambling in Europe

Study additional: List of countries that use euro as the most important forex