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Spanish Betting Back to Winning Ways after Q3 Growth

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The online gambling market in Spain has posted a 5.4 percent growth in revenues from gaming in Q3 of 2019.
Overall, GGR for the period leading to 30th of September rose to about €191.7 million, which is a 7.5 percent increase, based on the numbers posted by the Dirección General de Ordenacion del Juego (DGOJ).

This growth is due to a rebound in online sports betting after a tough period in Q2 the market experienced because of a lack of summer events. Revenue for the third quarter increased to €100.8 million, representing a 3.2 percent improvement, a 16.6 percent advance over the previous quarter.

Pre-match sports betting, which was most affected due to a decline in sporting activities, had its overall contribution go up to €40.1 million, although this figure still lags behind numbers posted in Q3 of 2018. Nevertheless, this was offset by growth in live betting, which posted an increase to €57.9 million.

Revenue from online casinos amounted to €66.5 million in quarterly totals. This represents 3.6 percent decrease compared to Q2, although this is about 9.3 percent increase from the same period in 2018.

The quarter-to-quarter drop was due to a decrease in revenue from online-based slots. It amounted to about €38.4 million in quarter three, followed by a marginal reduction in roulette and blackjack.

Poker is the third biggest earner, with a GGR of 3.4 percent, which is about €20.5 million. Bingo’s overall contribution also went up slightly to €3.2 million. Contests had the growth, with revenues hitting a high of 128.2 percent to reach €726423.

The beginning of the European football season in Q3 prompted an increase in marketing expenditure on the part of Spanish license holders, and this went up 6.1 percent to a high of €82.3 million. Operators also spent about €5.5 million on several sponsorship deals. This is a 45.9 percent rise from the same period in 2018.

Elsewhere, bonus offers constituted €31.7 million, although advertising expenses went down 3.7 percent to a low of €35.5 million. While this remains the most significant source of the overall cost, the reduction comes at a time when there are new advertising rules in the works.

Source: https://www.igamingbusiness.com/news/spanish-online-betting-market-returns-growth-q3

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About the author

Catherine Wambui

Catherine Wambui

Catherine Nyaga is a freelance writer covering Real Estate and Technology. Her other interests include Nature, pets and accounting. She recently graduate from Nairobi University with a degree in Accounting.

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