This week Spain's gaming regulator Dirección General de Ordenación del Juego revealed that the country's online gaming industry took off in the second quarter, which aided land casino revenues as well.
Highlights of the Spanish gaming market in the second half were as follows:
- Overall GGR up 56% year-on-year at Euro 99 million;
- Online casino the strongest contributor - up 91% y-o-y thanks to the addition of slots and live dealer roulette, with the latter comprising 48% of online roulette revenues in the period;
- Online sports betting revenue up 70 percent, but with a relatively low margin of 4.5-5 percent;
- Online poker revenue down 10 percent, with cash games particularly hard hit, falling 67 percent;
- Ranked by GGR, sports betting enjoyed 54% market share, online casino 28 percent, and poker 14% and bingo 3 percent;
- The Spanish market remains dominated by companies like bet365, William Hill, bwin, 888, PokerStars, and Sportium, challenged by local rivals Luckia, Casino Barcelona and Vive La.
Spain recently liberalized its gambling industry, opening up to more operators and giving players more choice. The decision seems to have paid off, as revenues are taking off and tax revenues are being generated.