Lottomatica Maintains Italian Market Lead as CIRSA Merger Set to Close in November

With its latest financial update, Lottomatica has reaffirmed its leadership in Italy's betting market. The group plans to complete its merger with Spanish giant CIRSA in November, a transaction carried out entirely as a share-for-share exchange.

As of the third quarter of 2026, the company reported its total share of the online betting sector at 31.7%. This ratio rose by 0.9 points compared with 2026. Its share of online sports betting increased by 2.1 points to 34.8%, while its share of the online gaming sector rose by 0.6 points to 31.2%.

The group's total revenue for the first nine months grew 5% year on year to 1.71 billion euros. Third-quarter revenue reached 537 million euros. Gross gaming revenue rose 2% in January to September to 3.5 billion euros. Adjusted EBITDA grew 8% over nine months to 715 million euros, and in the third quarter rose 3% to 200 million euros.

On the other hand, net financial debt stands at 2.16 billion euros, above the 2.1 billion euros recorded a year earlier.

The divergence within the sector also stands out. The online business grew 13% to generate 781 million euros in revenue over nine months. In contrast, sports betting fell 1% to 377 million euros, while revenue from the gaming business dropped 2% to 560 million euros. This picture suggests that regulations in Italy have created a clear gap between online and physical channels.