Spanish Q3 online revenues up 37%
Gross gaming revenue rises more than a third for Q3 despite fall in ad spend
Spain’s has reported a 37% rise in Q3 revenues despite a 3% decline in advertising spend, according to new figures from the Dirección General de Ordenación del Juego (DGOJ).
Locally-licensed online gambling operators generated a combined revenue of €140.5m in the three months ending September 30, up 16.63% on Q2.
Sports betting accounted for 54.8% of total gross gaming revenue after rising 37% to almost €77m, with in-play betting accounting for nearly 60% of wagering.
Casino was the second largest vertical with 31.2% of the overall market, with revenue amounting to €43.9m thanks to an online increase of 4.6%.
Spain’s poker market made up 10.5%, having grown modestly by 6.8% to €14.7m with the remaining shares made up by bingo (2%) and prize competitions (1.5%).
It was announced in September that Spain would be opening another licensing window for 2018.