The European Gaming & Betting Association (EGBA) reveals that the illegal online gambling market in Italy generates annual revenue of around €1 billion. The Association indicates that the figure is equal to the value of the gambling revenue generated by as many as eight other EU countries. According to the EGBA, black market’s apparent growth requires regulatory revisions which have now been announced by the Italian Ministry of the Economy and Finance.
75% Black Market Share:
The EGBA uses a recent report by La Gazzetta dello Sport to indicate that Italy’s gambling market handles around €25 billion of bets per year with unlicensed gambling share of €18.5 billion, or 75% of the total amount wagered in …