Spain full-year turnover tops €10bn following record December
Online market posts 2016 stakes of €10.9bn as revenues grow by a third to €429m
Spain’s regulated online gaming market has posted full-year turnover in excess of €10bn for the first time, a performance which helped revenues exceed €400m.
According to numbers released by the country’s regulator, total revenues for the 12 months ended 31 December 2016 were €429m, an increase of 34% on the year previous, while turnover was up 27% to €10.9bn.
The figures come after a successful Q4 which amassed revenues of €125.7m, up 33% year-on-year, and turnover of €2.9bn, a hike of 20% on Q4 2015.
December was particularly strong, with the month posting €1bn in turnover – the highest figure since the market regulated in 2012.
Revenue growth in Q4 was broadly split between the country’s two biggest verticals – sports betting and casino – the former posted a 31% revenue increase to €69.8m while the latter grew 59% to €36m.
Poker revenues were up 4.6% in the quarter at €15.2m, with cash games down 7.6% to €6.72m and tournament play up 17% to €8.51m.
Advertising revenues in Q4 amounted to €31.7m, a sequential increase of 63% and a 37% rise on the comparative period in 2015.
For the full-year, sportsbook revenues were up 32% €238.2m while casino recorded revenues of €117.5m, a 73% hike on the previous year – the country regulated slots in the summer of 2015.