Spain: online gambling revenue edges up to €315.3m in Q4

Online gambling revenue in Spain increased marginally year-on-year and quarter-on-quarter to €315.3m (£269.8m/$342.0m) in Q4, while total deposits were also higher.

Gross gaming revenue in Q4 was 0.6% higher than in the same period in 2022. The total was also up 3.6% from the amount generated in Spain during the third quarter of the year.

Breaking this down, casino was the primary source of revenue by some distance during Q4.

Total revenue from this segment was €171.3m, representing 54.3% of all market revenue in Spain. Growth in the casino market was helped by a 25.9% rise in slots revenue and 15.3% increase in live roulette revenue.

Elsewhere, sports betting revenue hit €114.7m, accounting for 36.4% of total revenue and poker €25.4m, or 8.1% of overall revenue. For poker, tournaments had a negative variation rate of 0.5% and poker cash 7.0%.

A further €3.8m in revenue came from bingo activity, some 1.2% of all revenue, and contests €50,000.

Total deposits up 9.4% in Q4

In terms of player spending, consumers deposited a total of €1.04bn in their online gambling accounts in Q4. This was 9.4% higher than during the same period in 2022.

The monthly average of active game accounts was 1,269,585, a year-on-year increase of 6.8%. However, the monthly average for new game accounts slipped 2.3% to 129,207.

Turning to operator marketing activity, total spend in Q4 amounted to €113.0m, up 5.3% from 2022. Of this, €53.0m was spent on promotions, €45.2m advertising, €14.0m affiliation and €750,000 sponsorship.

By the end of Q4, some 78 licensed operators were active in Spain. These include 49 offering casino games, 43 sports betting, nine poker, three bingo and two contests.

Original Article