Spanish Gambling Revenue Increases 55.1% Year-on-Year to €312.6m in Q2

In the second quarter of 2023, Spain saw a substantial 55.1% surge in gross gambling revenue, reaching €312.6 million (£207.0 million/$332.6 million) compared to the previous year. The revenue from sports betting more than doubled. The total revenue for this quarter comfortably outperformed last year and was also 2.5% higher than the €313.3 million recorded in Q1. These figures have been released by Spain’s gambling regulatory body, .

The highest Gross Gambling Revenue (GGR) in Q2 was generated by casinos totaling €149.9 million, marking a 27.9% increase from the previous year and a 4.5% rise from Q1.

Slot machine revenue experienced a notable 29.9% year-on-year increase, while live roulette GGR saw an 8.9% boost.

The sports betting segment exhibited the most significant growth during this quarter. Within the three-month period, GGR reached €133.3 million, showcasing a remarkable 118.9% increase from the previous year.

Pre-event sports betGGR was 1.8% higher than in Q2, and live betting GGR also saw a 3.5% increase. Horse racing bets saw a notable jump of 22.7%, although GGR from other sports bets experienced a 15.1% decline.

PokerGGR stood at €25.8 million, which was 27.6% higher than the previous year, but 5.8% lower than Q1. Tournament poker GGR saw a substantial 38.1% increase from Q2 2022, and cash poker GGR also saw a modest rise of 4.9%.

Bingo GGR amounted to €3.5 million, reflecting a 5.5% increase from the previous year and a similar 5.5% rise from Q2 this year.

Contests GGR reached €140,000, indicating an impressive 1,464.9% increase from the previous year, although it was 41.5% lower than Q2.

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Player deposits saw an almost 20% increase compared to the previous year. However, they were 2.0% lower than in Q1. Withdrawals were 3.0% higher than in 2022 but 2.3% lower than the first quarter.

In terms of related activities, the DGOJ reported that the total marketing spent by licensees in Spain reached €96.6 million, showing a 3.0% “annual increase. Advertising spending was up by 7.7% from the previous year, while affiliate spending soared by 56.2%, and sponsorship skyrocketed by 225.2%. However, promotions experienced a 1.7% decrease.

The monthly average of active gaming accounts increased by 11.4% from the previous year, totaling 1,134,993. However, the monthly average for new accounts fell by 3.0% to 102,804 users.

Additionally, the DGOJ provided an updated overview of the number of active licensees in the Spanish market. During Q2, a total of 78 licensees offered various forms of gambling. Among these operators, 43 offered sports betting, 50 offered casinos, nine offered poker, three offered bingo, and two offered contests.

Source:

, igamingbusiness.com, September 21, 2023.