DOM 19 DE MAYO DE 2024 - 09:36hs.
Bingo and poker revenues down

World Cup leads to surge Spanish sports betting market

According to The Directorate General for the Regulation of Gambling (DGOJ) Gross Gaming Revenue GGR for the online gaming sector in Spain reached €167.2m for the second quarter with an increase of 2.33% compared to the previous quarter and a huge jump of 40.15% year on year.

In the three months ending June 30, sports betting accounted for over half of GGR; €87.60 (52,40%). GGR for online casinos stood at €56.52 (33.80%). For Poker it stood at €19.45m (11.63%), €3.28m for bingo (1.96%) and €0.34 for contests (0.21%).

As expected, this year’s FIFA World Cup had a huge part to play in the surge in sports betting meaning that while it increased by as much as over 46.68% compared to last year it only increased by 7.07 per cent compared to the previous quarter this year. Slots remain the most popular form of online casino gaming and made up over 51% of the total.

According to the DGOJ, poker revenue also increased by 34.8% on a year-to-year basis However while this was encouraging sign for the sector overall this reflected a 9.4% decrease compared to the last quarter.

Meanwhile the average number of active users stood at 859,695, a growth of 31.74% with respect to the same quarter of the previous year. The monthly average for new registrations stood at 268.094 users, an annual growth of 33.3%.

According to the DGOJ first quarter report published in June, GGR stood at €163.3m in the first quarter of the year a decrease of 5.69% compared to the previous quarter and an increase of 28.85 per cent in relation to the same period in 2017.

Source: GMB