Spain’s national gambling regulator, the General Directorate of Gambling Regulation (DGOJ), announces comprehensive government measures to prevent and curb problem gambling in the country. The regulator also announces that the government has allocated a total of 1.3 million euros to fund 26 research projects on the harms of gambling in Spain.
Gambling Damage Investigation
The announcement follows the initiative of Ministry of Consumer Affairs which started the nationwide application process in April 2023. The call for 37 game-related research projects was distributed to universities, research and development centers, healthcare institutions and non-profit organizations.
1.3 million euros are available for 26 projects
Authorities reportedly requested that the presentation focus on the following Game damageas well as under other unfavorable conditions related to gaming activities. The government has reportedly provided total 1.3 million euros for 37 research projects, but the evaluation commission reduced the number to 26 according to the evaluation report of the state investigation authority.
The Spanish Gambling Regulatory Authority has also confirmed that the implementation of the approved projects will be extended until June 30, 2024.
DGOJ he is said to have said: “The aim of these tools is to carry out research studies on disorders caused by gambling activities with the aim of preventing the effects of these disorders or the risks associated with gambling.”
55.1% increase in gaming revenue in Q2 2023
The regulator’s confirmation of the number of research projects approved by the government for funding comes after that body reported in September that the Spanish gambling market had generated 312.6 million euros in gross gaming revenue in the second quarter of 2023. As the DGOJ announced on the occasion, the amount of revenue in the second quarter of 2023 was a 55.1 percent higher than in 2022.
The increase was largely driven by the casino segment, which generated 149.9 million eurosi.e. around 48% of total gaming market sales in the second quarter of 2023. The value also represented an increase of 27.9% compared to the same period last year and a growth of 4.5% compared to the first quarter of 2023.
The segments of One-armed bandit And roulette They also recorded higher sales levels compared to the second quarter of 2022 and recorded higher figures of 29.9% and 8.9% in the quarter of 2023, respectively.
However, the sports betting segment recorded the highest percentage increase in the second quarter of 2023. Spain’s sports betting industry generated 133.3 million euros in gross gaming revenue, which corresponds to a Increase of 118.9% compared to the same period in 2022.
The regulator also reported in September 2023 that the Overall management was 19.6% more year-on-year, but still 2.0% less than in the first quarter of 2023. The increase in turnover resulted in withdrawals that were 3.0% more than in the same period of 2022 and 2.3% less than in the first quarter of 2023 Handling has been reduced accordingly.
The growth of the Spanish gambling industry increases the country’s economic benefits. In return, the government is raising awareness of the negative consequences of gambling and allocating significant resources to alleviate its effects.
Spring: “Spain completes projects for a research grant on gambling harm worth 1.3 million euros“. Yogaming business. November 3, 2023