Posted on: September 5, 2021 Posted by: Frank Brooks Comments: 0

Italian Ministry of Economy and Finance (MEF) has noted on the gambling income, collected by the Treasury from January to July 2021. The authority has posted the info in the latest monetary news.

In 2021, a lot of sectors of the Italian financial state were hit really hard by the COVID-19 pandemic. And, as witnessed from the MEF’s report, the gambling market was not an exception. Through the first seven months of 2021, the Treasury has gathered €1.5 billion in the internet casino, lottery, and slots income. This is almost €900 million fewer than the profits gathered in the exact same interval of 2020. Last year, €2.4m of gambling incomes were being sent to the state budget.

Lottery income is up when the profits from slots drops

In 2021, lottery product sales comprised most of the gambling earnings in the state. The income from lottery video games was €694 million, in contrast to €507.2 million of gatherings in the corresponding interval in 2020. This is an more than 36% yr-on-12 months maximize.

On the other hand, gains from slot machines, which include billionaire slots games, has drastically fallen this yr. Though from January to July 2020, slot income was practically €1.58 billion, in 2021 it has dropped to just €395 million.

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