MEF of Italy: Gambling Revenue Declines as a Result of COVID-19

Italian Ministry of Financial state and Finance (MEF) has claimed on the gambling revenue, collected by the Treasury from January to July 2021. The authority has revealed the information in the modern financial information.

In 2021, a lot of sectors of the Italian economy ended up hit difficult by the COVID-19 pandemic. And, as witnessed from the MEF’s report, the gambling specialized niche wasn’t an exception. In the course of the very first seven months of 2021, the Treasury has collected €1.5 billion in the net casino, lottery, and slots revenue. This is practically €900 million much less than the earnings collected in the same time period of 2020. Previous year, €2.4m of gambling incomes were being sent to the point out spending budget.

Lottery revenue is up when the cash flow from slots drops

In 2021, lottery revenue comprised most of the gambling income in the nation. The revenue from lottery online games was €694 million, in contrast to €507.2 million of gatherings in the corresponding period of time in 2020. This is an more than 36% yr-on-calendar year raise.

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

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