The rebound in Spain’s igaming market was so pronounced in the fourth quarter of last year it led to both quarterly and yearly records being beaten by some distance.
Despite the novel coronavirus (Covid-19) disrupting sporting events and leading to the imposition of advertising restrictions, operators in Spain made revenues of €855.27m during the course of last year, up 14.3% on the previous year.
Unlike previous years, the final quarter turned out to be the strongest of the year and saw the highest revenue total in the market to date, with GGR of €231.28m. This was up 17.3% on the previous quarter and 20.2% on the fourth quarter of 2019.
After picking up significantly in the third quarter, sports betting revenue surged as the year came to a close, with revenue of €103.41m up 21.5% on the previous quarter and 13.1% on the same period of 2019.
This saw sports betting hold on to its newly regained status as the market’s leading vertical, although casino also performed strongly durin..
The rebound in Spain’s igaming market was so pronounced in the fourth quarter of last year it led to both quarterly and yearly records being beaten by some distance.
Despite the novel coronavirus (Covid-19) disrupting sporting events and leading to the imposition of advertising restrictions, operators in Spain made revenues of €855.27m during the course of last year, up 14.3% on the previous year.
Unlike previous years, the final quarter turned out to be the strongest of the year and saw the highest revenue total in the market to date, with GGR of €231.28m. This was up 17.3% on the previous quarter and 20.2% on the fourth quarter of 2019.
After picking up significantly in the third quarter, sports betting revenue surged as the year came to a close, with revenue of €103.41m up 21.5% on the previous quarter and 13.1% on the same period of 2019.
This saw sports betting hold on to its newly regained status as the market’s leading vertical, although casino also performed strongly during the final quarter of last year.
Casino revenues rose 16.6% on the previous quarter to land at €97.82m in Q4, a figure that also represented a 36.8% increase on the final quarter of 2019.
After dropping off significantly in Q3 from the pandemic-fuelled highs seen earlier in the year, poker revenues rose again slightly in the final months of 2020. GGR for the quarter was up 7.7% on the third quarter and 24.5% on Q4 of 2019.
Bingo finished the year flat on the previous quarter but up 46.1% on the same period the previous year.
Both new player registrations and active players were up in the final quarter, suggesting operators may be taking the opportunity to advertise while they still can – the country’s extremely restrictive advertising ban is set to come into effect later this year.
The number of new players was up 18.5% on a quarter-on-quarter basis and 31.8% on a year-on-year basis, while the number of active players rose by 19.2% and 7.9%, respectively.
Ficom Leisure is a leading European corporate advisory firm specialising in all segments of the betting and gaming sector.
Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker.
