MIÉ 30 DE SEPTIEMBRE DE 2020 - 11:19hs.
First quarter of 2020

Sports betting leads the Spanish internet gaming industry

Spain’s Directorate for Gambling Regulation entity (DGOJ) has published its latest quarterly report on online gambling in the country, referring to the January-March period. According to its figures, the internet gaming sector recorded a strong performance during the quarter, with all verticals contributing to increased revenues both on a year-on-year (12.5%) and on quarter-on-quarter (18%) basis. Half of the internet operators offer sports betting.

In the first quarter, Gross Gaming Revenue (GGR) reached barely €218m, with sports betting leading the way. Despite the suspension of sporting events in the country from mid-March, this vertical contributed with €111m, accounting for 51% of the total while recording a yearly growth of 8.7%.

The sports betting revenue was primarily driven by in-play betting with €61.3m up to March, as well as fixed odds betting; which accounted for €46.3m and rose 13% compared to the same quarter of the previous year.

The online casino segment recorded a GGR of €78m, up 16% year-on-year. The biggest rise within this vertical was Live Roulette, up 35% to contribute with €18.5m, but Slots remain the largest contributor with €43.2m – 55% of the total revenue for casino.

Poker, a vertical that has enjoyed a worldwide boom during the sports suspension, increased its contribution to the Spanish online gambling revenue to €24.2m in the first quarter, with 13% growth in inter-annual terms.

The remaining verticals, bingo, and contests (where players pay to participate in a prize draw) experienced likewise inter-annual growth; 15% the former and almost 50% the latter, but their contributions remain residual: just above €3m for bingo and less than €2m for online contests.

Investment in marketing by online operators reached €118m, up 28% from the previous year, led by the 46% increase in spending on bonuses awarded as both welcome offers and prizes, which represents more than a third of the marketing investment in the quarter. However, more than 50% of the marketing spending as a whole remained focused on advertising, as it reached €59.5m on a rise of 24% year-on-year.

The primacy of sports over the rest of online gambling segments also reflects in the number of companies running sports betting websites – legally – in the country. In March, out of the eighty operators licensed by the Spanish regulatory body, half of them offer betting on sports. 

Source: GMB / G3 Newswire