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Spain: Online Gambling Revenue Up 20 Percent In Q1
Spain: Online Gambling Revenue Up 20 Percent In Q1
Europe

Spain: Online Gambling Revenue Up 20 Percent In Q1

The online gaming and gambling revenue in Spain is up by a significant 20 percent for the first quarter.

The major contributor to online gambling revenue is sports betting and online casino sectors. The year-on-year online gaming revenue in Spain was recorded €193.25m ($216.16m).

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 the sports betting revenue has been 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.

Online Casino sector made around 35 percent of the total online gaming revenues. The GGR of the online casino sector was reported €67.1m, an increase of 20 percent year-on-year and 3.7 percent up from the previous quarter.

A total of 53 licensed operators are there in the regulated online gambling market in Spain.

Of the nine gambling operators offering online poker, the total gaming revenue was recorded €21.2m representing a 1.4 percent decline in year-on-year revenue.

Revenues from online Bino games also fell by 8.6% to €3.2m.

Recently, Spain’s Acting Ombudsman, Francisco Fernández Marugán, called for a ban on gambling adverts in the country. He explained that, “The phenomenon of spreading the game without control, and especially if the players are minors, has characteristics similar to those of tobacco or drug use.”

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at [email protected]

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