"Second La Gazzetta dello Sport, the turnover of the gambling black market in Italy is estimated at 25 billion euros per year, of which 75% (18,5 billion euros) is spent on unauthorized gambling websites. This means that every year around €1 billion in gross revenue from online gambling* is lost in the black market, which is huge. The Customs and Monopolies Agency (ADM) has also blocked more than 9800 unlicensed gambling websites this year, 400 more than in the whole of 2022. The significant size of the country's online black market is a source of of great concern and, when viewed in the context of the extensive advertising restrictions imposed by the Italian government on licensed online gambling companies, demonstrate that authorities need to do much more to ensure that Italian citizens are well informed about licensed websites in the country." . This is what he writesEGBA (European Gaming and Betting Association) in a post on LinkedIn.
*EGBA estimates, based on a typical return to player (RTP) rate of 95%.
