Spanish Q3 egaming revenues climb 22%
Casino the standout performer as revenues soar 57%, while sports betting also reports double-digit growth
Spain’s online gambling market grew 22% year-on-year during Q3 2016 following double-digit growth in casino and sports betting revenues, the country’s regulator has announced.
According to figures from the DGOJ, total gross gaming revenue (GGR) for the three months ended 30 September was 102.9m, up from 84.2m in the same period last year.
Online casino was the standout vertical during the quarter, with revenues increasing 56.7% year-on-year to 28.4m as the vertical continues to benefit from the addition of slots to the market.
The country’s sports betting market recorded a 15% rise in Q3 revenues to 56.8m, while bingo GGR also soared 21.8% year-on-year to $2.2m.
Poker was the only segment to report a fall in revenues during the three-month period, down 4.3% to 13.8m, which is roughly in line with the vertical’s performance globally.
The gambling regulator’s Q3 report also showed operators spent 9.3% more on advertising than they did last year, although this spend decreased 33.9% sequentially due to the conclusion of Euro 2016.