Betting

Lottomatica shines with solid iGaming in May and record market share

According to the Customs and Monopolies Agency, wagers net of payments increased by 11% to EUR 285 million

by Stefania Blasioli

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

(Il Sole 24 Ore Radiocor) - Lottomatica Group top of the class at Piazza Affari in the wake of the online casino (iGaming) data for May 2026 released by the Customs and Monopolies Agency. The stock of the active public gaming company topped the main list.

In detail, GGR (Gross Gaming Revenues), i.e. wagers net of payments, increased by 11%, rising from EUR 257 million to EUR 285 million. This is a figure down from the +17.8% recorded in the January-April period, but still 'solid', Banca Akros analysts point out, considering that this is double-digit growth.

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Lottomatica'smarket share was 31.9%, which not only confirms its position as market leader but also reaches an all-time high after 31.3% in April and 31.5% in Q1 2026, almost 200 basis points higher than the 30% in May 2025. The record market share, according to expert estimates, implies an18% growth for Lottomatica in iGaming in the month. Furthermore, the lead over the second competitor, Flutter (including Snaitech), was 5.4% compared to 4.1% in April and 5.4% in Q1 2026, with Flutter at 26.5%, down from 27.2% in April and slightly above the Q1 average of 26.1%.

At the same time, CEO Alessandro Fiumara, in an interview with the industry magazine Agimeg, pointed out that the month of May was very positive for operators, with very low payouts, despite the usually unfavourable seasonality. Fiumara also anticipated that the lower payout would lead to GGR growth of 17% for iSport and 41% for agency betting for Lottomatica's brands. However, the very strong month in the betting market resulted in a partial slowdown in iGaming.

The company is also optimistic about the expected volumes for the upcoming World Cup, which starts on 11 June, especially on the pre-match side, with a favourable comparison to last year's Club World Cup: the offer has been expanded, with initiatives aimed at supporting the event and attracting a broader base of casual players.

All good news that, for analysts, help to offset the poor April results. "There are still seven months to go until the end of the financial year," notes Akros, which confirms its 'Buy' rating and target price at EUR 32, "but the above results confirm the indication provided by the company after the first quarter, according to which it aims to reach the high end of the annual ebitda guidance, between EUR 940 and 980 million.

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