Spain reports rise in sports betting and slots revenue for Q3

This is the third straight quarter that the DGOJ has shown such an impressive result, following reports in September that Q2 figures were up by 22.6% on a yearly like for like basis.

The report shows that licensed operators in the country generated healthy combined revenue of €140.5m up until September 30.

That marks a 37% rise in revenue from quarter three in 2016 and continues an impressive trend in what appears to be a burgeoning market place, with increases reported on a like-for-like yearly basis in all three quarters of 2017 so far.

Online casinos were one of the real winners, representing €43.5 million of the revenue generated for Q3. Like-for-like that marked a whopping 54.2% rise with slots unsurprisingly contributing over half (50.9%) of all casino revenue with €22.3m added to the coffers (a rise of 61.7% on last year).

However, it is not just online casinos that are celebrating. Sports books are also rubbing their hands after seeing a 33.7% increase in revenue compared to Q3 last year tabling a substantial €77 million, with in-play betting seeing a real result as it accounted for nearly 60% of wagering revenue and 71.3% of betting volume.

Online poker is also on the up, posting an increase of 6.7% totalling €14.7% and a total quarterly revenue contribution of 10.5%.

Other sectors including bingo has seen a strong result, posting an impressive 30.5% to €2.85m contribution of the total quarterly revenue whilst other casino games such as live roulette, traditional roulette and blackjack all seeing a healthy increase of 91.3%, 16.2% and 40.2% respectively.

Spain’s gambling popularity is a clear indication of the operators’ appeal to the general public and widespread reach they are generating.

This has been achieved despite advertising costs coming down by 3% compared to last year, as well as bonus offers seeing a significant decrease of 18.2%.

Spain is certainly doing something right at the moment and as the country prepares for applications of new online gambling licences, we could see these figures set to continue for the foreseeable as the country starts to stamp its foothold and catch-up with the rest of the Europe’s gambling revenue.