As the iGaming industry evolves every day, the numbers that show the rise or fall of a market’s profits are constantly changing. Spain is one of the markets that can boast of improvement!
Gross gaming revenue (GGR) in Spain recorded significant growth in the second quarter of the year, increasing by 55.1% year-on-year to 312.6 million euros. This strong performance was driven by significant increases in sports betting winnings, which more than doubled during the period.
Total sales for the quarter beat last year’s figures and were also 2.5% higher than the first quarter, according to data released by the regulator Spain, the General Directorate of Gambling Regulation (DGOJ).
Increased revenue from casinos and slot machines
The games of casinowhich have proven to be one of the most popular games, developed in the second quarter with a total of . the highest GGR €149.9 million, which corresponds to an increase of 27.9% compared to the previous year and an increase of 4.5% compared to the first quarter. The game stands out One-armed banditwhose income is growing 29.9%, Year after year as the GGR for live roulette increases by 8.9%.
He Element of Sports betting experienced the most impressive development with a GGR that reached 133.3 million euroswhich is amazing Increase of 118.9% compared to the previous year. GGR from pre-event sports betting also contributed and grew 1.8% compared to the second quarter, while the GGR of live betting increased by 3.5%. The bets from horse race They increased by 22.7%, even though the GGR of other sportsbooks fell by 15.1%.
Other gaming industries
The GGR of poker reached 25.8 million euros, 27.6% more than in the previous year, but 5.8% less than in the first quarter. The GGR from Tournament poker increased by approximately 38.1% in the second quarter of 2022, with the GGR for cash poker also recording an increase of 4.9%.
However, GGR Bingo contributed and achieved €3.5 million, 5.5% more than last year and also 5.5% more than in the second quarter of this year. The GGR of the tenders was €140,000, a considerable sum Increase of 1,464.9% compared to the previous year, but 41.5% less than in the second quarter.
Marketing costs and player activity
Player bets rose nearly 20%, while payouts were 3.0% more than in 2022 but 2.3% less than the first quarter. The total marketing spend of licensees in Spain reached €96.6 million; Advertising spending was up 7.7% year over year, affiliate spending was up 56.2% and sponsorships were up 56.2% it shot itself 225.2%. However, Promotions fell 1.7%.
The number of active gaming accounts increased by 11.4% compared to the previous year to 1,134,993, while the monthly rate of new accounts fell 3.0% to 102,804 users.
The DGOJ also reported this 78 licensees offered some form of gambling in the second quarter, with 43 offering sports betting, 50 offering casinos, nine offering poker, three offering bingo and two offering contests.
Spring: »Spanish gaming revenue increased 55.1% year-on-year to €312.6 million in the second quarter». iGaming Business. September 21, 2023