Time for Spain to reign?

Time for Spain to reign?

Wednesday, February 17, 2016 Totally Gaming
Latest figures show huge uplift in sports betting

Sports betting drove revenues in the Spanish gaming market in 2015, according to new figures released by the DGOJ, the country’s gambling regulator. 

Gross online gaming revenue in the Spanish market amounted to €319.6m ($357m), representing an increase of 26 per cent on the previous year. Full-year turnover was also up by nearly half.

The DGOJ picked out sports betting as the main source of income during the 12-month period, saying that it contributed €179m to the total revenue figure – a 49-per-cent year-on-year rise.

The impressive figures in Spain come after several operators started to sharpen their focus on the country last year.

Bwin.party benefited from a number of unexpectedly poor results for football giant Real Madrid in Spain, one of its biggest markets, as it reported better-than-expected figures in its final full quarter before the completion of its acquisition by GVC in the three months through to December 31.

In September, 888 targeted Spain as one of its key growth markets, while last June, Pokerstars acquired a provisional licence to begin offering internet sports betting and slot games in Spain.

The DJOG added that Spain’s online slot market also increased by 80 per cent year-on-year to €67.5m, but online poker and bingo dropped to €59.8m and €7.8m, respectively. 

Aside from the impressive full-year results, the DGOJ revealed positive figures for the final quarter of 2015. Quarterly revenue increased by 40 per cent year-on-year to €94.7m.

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