Spain’s Online Gambling Revenue Down In Q2

Spain’s Online Gambling Revenue Down In Q2

The Spanish online gambling market has under-performed in the second quarter of 2019. According to the figures released Monday by Spain’s Dirección General de Ordenación del Juego (DGOJ) the online gambling revenue for three months to June 30 was recorded €178.4 million.

While the figure represents a year-on-year increase in revenue of 6.7 percent, when compared with the previous quarter, the revenue dropped by 7.9 percent.

The decline in online sports betting revenue took a toll on the overall gambling revenue of licensed online gambling operators in the country. Online sports betting generated revenue of €86.5 million for the second quarter. It was down 1.3 percent year-on-year and tumbled by 15 percent from Q1 2019.

The online casino sector grossed €69 million in revenue which was up 22.2% year-on-year and represented a 4% jump from Q1. Slot gaming contributed to the majority of the revenue from online casinos – 31.9% to €40.3m.

Earlier this year, for the first quarter, the Spanish Online gaming sector posted a 26 percent year-on-year increase in the gross gaming revenue.

Currently, there are a total of 53 licensed operators are there in the regulated online gambling market in Spain.

Earlier this month, the Spanish government confirmed that it will consider the recommendations made by the country’s civic ombudsman. The country’s civic ombudsman has called for banning all gambling adverts.

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