Times are all-round good for Spain’s online gambling realm. As the country’s official regulatory body, Direccion General de Ordenacion del Juego (DGOJ) has recently revealed, 2017 was a successful year, especially in the final quarter. All gambling sectors have recorded a certain growth, and in some of them, it has been more than substantial.
There has been a substantial growth in revenue during this time, with sports betting bringing most profit followed by the revenue made in casinos. In the final three months of last year, the revenue soared to 38% more than during the same period last year – to a total of €173.3 million! This is also a surge of 23.5% on the total collected in the Q3 of 2017.
People using gambling services were depositing the most money into online casino games – a staggering 48% more than last year for a total amount of €1.77 billion wagered! Sports betting wagering amounted to €1.34 billion, and the record-breaking sports betting income ended up being €103.6 million – 48.5% more than in 2016. The casino’s total revenue, meanwhile, was €49.4 million, which is a 37.4% rise from 2016.
Also on the rise was the online poker market which marked a 15.5% rise in wagering for a total of €411.6 million deposited – this reflected in the revenue being 5% higher, for a total profit of €15.5 million. This is mainly due to the tournament fees increase by 2.2%.
Finally, even the bingo market went through a substantial growth of 40% and €3.3 million in 2017.
Source:
“Spanish Online Gaming Revenue Hikes 38% in Q4”, igamingbusiness.com, February 13, 2018.
coolsongss
6 years ago
Hero Member
After I started online gambling, I have had interest in this kind of news. And without any exception, the total revenue went up in the countries. If it is kind of a natural increase with new method of gambling offered to new and existing players, it would be very good. And what is happening to profits of land casinos there,...
After I started online gambling, I have had interest in this kind of news. And without any exception, the total revenue went up in the countries. If it is kind of a natural increase with new method of gambling offered to new and existing players, it would be very good. And what is happening to profits of land casinos there, increasing or decreasing ? I don't think that the two markets are separate.
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jade
6 years ago
Super Hero
Are Spain's money problems on the way out. Do you think that the gambling industry will be the one source to bail out Spain's Social Security System insolvency. Even if the gambling industry solves Spain's money problems, the continued increase in gambling could create a new problem that is far worst, gambling addiction...
Are Spain's money problems on the way out. Do you think that the gambling industry will be the one source to bail out Spain's Social Security System insolvency. Even if the gambling industry solves Spain's money problems, the continued increase in gambling could create a new problem that is far worst, gambling addiction of its population. The lesser of two evils? Preventing fraud is an important consideration Mila, but I think these people have more devastating problems ahead........
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Mila
6 years ago
Sr. Newbie
Spain is facing this super growth of online gambling sector since 2013, especially in sports betting. We'll see if the Low from 2011. will be good enough to prevent frauds...
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