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ADM reports Italy’s 2025 retail horse-racing bets at €303.7m

Regulation

Italy’s Customs and Monopolies Agency (ADM) reported €303.7m in retail horse-racing betting stakes in 2025. Milan led the provinces with €40.2m, followed by Rome at €36.1m and Naples at €34.6m; total player spending exceeded €43.1m and payouts reached about €260.5m.

The figures show operators and investors the scale and geographic distribution of Italy’s retail horse-racing betting market.

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