Spanish Online Gambling Market
Announcement of re-opening of the Spanish online gambling market By Paula Gonzalez / 21 September 2017 21 September 2017 / Spain As anticipated in a previous blog entrance dated on 12 September, the DGOJ has just published in its website the draft call for tender. Figures from Spanish regulator Directorate General for the Regulation of Gambling (DGOJ) showed gross gaming revenue (GGR) for the online market was up to €208.9m ($244.9m) for Q2, but represented a 4% quarter-on-quarter decrease. For Mikel Lopez de Torre, chairman of Spanish online gambling trade body Jdigital, the Spanish online gaming and betting market is ripe for consolidation as it matures in the coming years. The global sports betting sector occupies the major market share in the overall online gambling industry accounting for more than 40% of the worldwide gambling revenue generation. According to the Technavio’s market analysts, the sports betting market will grow at an impressive CAGR, with the global sports betting market revenue expected to. Global casino gaming industry and the online gaming sector over the next five years. In publishing this report, we are reflecting the increasingly globalized nature of the casino gaming market, while also acknowledging the continuing local nature of gaming habits and regulation. How this point-of-view paper is structured.
Spain’s online gambling market has reached an all-time high with gross gambling revenues for 2016 soaring by 32.6% to €125.7m in Q4.According to results posted by the Directorate General for the Regulation of Gambling, the amount wagered online increased by 19.9% to €2.9bn.
Sports betting had a huge impact on the fourth quarter results, generating an impressive 55.52% of the country’s total gambling revenues worth €69.8m. Additionally, casinos held a 28.6% share worth €36m, poker with a 12.12% share worth €15.2m, with bingo only contributing a dismal 2% share worth €2.2m.
The number of first-time customers signing up for new accounts increased by 10% to 598,000, whilst active players saw an increase of 17.3%.
Spanish Online Gambling Marketplace
Spanish Online Gambling Marketing
The reason for the notable increase in signups is down to operators spending more than a third on marketing and promotional material, which has clearly paid off. Furthermore, whilst poker saw a drop in the amount wagered, it enjoyed a slight increase in revenue during the fourth quarter of 2016. The amount wagered was down 6.9% year-on-year to €415.6m, whilst revenue totalled €15.23m, up 4.6%.