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Spain Demonstrates a 7% YOY Gambling Revenue Rise

28 August 2019, 11:34
Votes: 1

Notwithstanding Spanish gross gaming revenue (GGR) decline of 8% to €178.4 million in the second quarter of 2019 compared to the first one, the amount of revenue is still 7% bigger on a year-on-year basis.

Spain Demonstrates a 7% YOY Gambling Revenue Rise

According to the Spanish regulator (La Dirección General de Ordenación del Juego or DGOJ), the main reason for the recent drop is a sports betting industry decrease of 15% to €86.5 million in Q2 and its 1% drop compared to the last year’s revenue. Considering the fact that this segment generates almost half of total GGR (48.5%), the industry’s fall in the second quarter is natural.

Other segments such as bingo and poker have also demonstrated a small decline in Q2 (6% to €3 million and 9% to €19.4 million accordingly). However, the first one’s 8% year-on-year growth has not affected the overall results because of only 1.7% share in Spain’s GGR. On the other hand, poker’s decrease of 12% for the period has had a greater impact on the industry (10.9% of total revenue).

The only segment that has shown growth in both rates is the casino sector. Its revenue increased by 4% to €69 million in Q2, while a year-on-year growth reached impressive 22%. The online casino segment represented by 38 operators generates 38.7% of the country’s GGR, which provides industry growth.

The DGOJ also published information on online gambling operators’ marketing spending. Thus, it amounted to €82.5 million in Q2 (a year-on-year growth of 1%), which is 10% less compared to Q1. This drop is explained by reduced expenses on advertising and sponsorship.

As mentioned earlier, Spanish gambling operators are going to face new restrictions on advertising.

Read more: Europe Faces Major Changes in the Matter of Gambling Policy in 2019

Read more: Spain’s Slot Industry Growth Continued in 2017

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