Spain’s Digital Gambling Revenue Sees Modest Increase in Q4

Spains digital gambling earnings saw a modest increase in the final quarter, reaching €315.3 million (£269.8 million/$342.0 million). This represents a slight rise compared to the same period in the previous year and the preceding quarter. The total amount deposited by players also experienced an upward trend.

The overall gambling revenue in the fourth quarter showed a 0.6% increase compared to the same period in 2022. This figure also surpasses the revenue generated in the third quarter of the current year by 3.6%.

Casinos emerged as the primary source of income in the final quarter. The segment’s total revenue reached €171.3 million, representing 54.3% of the total market revenue in Spain. The growth in the casino sector was fueled by a significant increase in slot machine revenue (25.9%) and live roulette revenue (15.3%).

Sports betting revenue reached €114.7 million, accounting for 36.4% of the total revenue. Poker revenue contributed €25.4 million, representing 8.1% of the total revenue. Poker tournaments experienced a slight decline of 0.5%, while cash poker games saw a 7.0% increase.

Bingo activities generated €3.8 million in revenue, accounting for 1.2% of all revenue, while competition revenue amounted to €50,000.

In terms of player spending, consumers deposited a total of €1.04 billion into their online gambling accounts in the fourth quarter. This represents a 9.4% increase compared to the same period in 2022.

The average monthly number of active gaming accounts was 1,269,585, reflecting a 6.8% year-on-year increase.

Although the average count of fresh gaming profiles dipped by 2.3% to 129,207, operator marketing efforts saw a surge.

Total expenditures for operator marketing campaigns in the final quarter reached €113 million, a 5.3% jump from the previous year. This allocation included €53 million for promotions, €45.2 million for advertising, €14 million for affiliate marketing, and €0.75 million for sponsorships.

At the end of the fourth quarter, Spain had 78 authorized operators. Of these, 49 provide casino games, 43 offer sports betting, 9 offer poker, 3 offer bingo, and 2 offer competitions.

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