The online gambling market in Spain continues to grow. According to the financial figures for 2018 published by country’s gambling regulator Dirección General de Ordenación del Juego (DGOJ), the gambling industry in Spain grossed €7.77bn (£6.57bn/$8.48bn) in gaming revenue.
The online gaming sector posted a 22.5% year-on-year growth and took in €812.0m in revenue.
Lotteries remain the top contributor to the overall gambling revenue with €4.21bn representing a slight 0.9 percent increase.
Land-based casinos excluding gaming machines or lotteries grossed €2.08bn. Casino, Bingo and retail betting contributed €1.03bn, €593.9m, and €455.8m respectively.
The online gambling sector took in €812.0m in revenue up 22.5% on €17.82bn worth of stakes.
The second quarter of 2019 saw a decline in online gambling revenue. According to the figures released 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.
Earlier during the first three months of 2019, Spain’s online gambling revenue grew 20 percent. The gross gaming revenue from the sports betting sector increased by 26 percent year-on-year, and a slight o-63 percent increase when compared with the previous quarter.
The increase in sports betting revenue was attributed mainly to the rise in participation in live betting. Revenue from live betting was up 11 percent when compared with the previous quarter revenues. However, the traditional betting revenues suffered and slipped by 11 percent.