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Spain gambling revenue jumps 23.6% to €304.2m in Q3

12/15/2023 18:36:22

The figure was comfortably ahead of €240.8m in Q3 last year. However, the total fell 2.7% short of the €312.6m generated in revenue in Spain during Q2 of this year.

Breaking down the Q3 figures, casino was again the primary source of GGR in Spain. For Q3, casino revenue amounted to €160.3m, up 25.3% on last year representing 52.7% of the whole market.

The highest amount of growth came in the live roulette sector, with GGR up 27.8%. There was also significant growth in the slots segment, with GGR jumping 25.9%.

In terms of quarter-on-quarter performance, blackjack GGR jumped 11.5%, slots 8.1% and live roulette 5.4%. However, conventional roulette GGR fell 2.2% from Q2.

Q3 sports betting revenue exceeds €113.0m
Elsewhere, sports betting revenue increased 22.7% year-on-year to €113.5m, accounting for 37.3% of all GGR on Q3. 

Pre-match bet GGR fell 31.7% from Q2 and in-play wagers slipped 0.3%, while GGR from fixed-odds bets also declined 9.5%. However other fixed-odds betting revenue increased 46.1% from Q2.

Poker GGR was €26.8m, up 22.0% from Q3 last year and 4.1% ahead of Q2 2023. GGR from poker tournament was 31.1% higher than last year and up 3.4% from Q2, while poker cash GGR was up 2.1% year-on-year and 6.1% ahead of Q2.

Revenue from bingo slipped 1.0% year-on-year to €3.6m but was 2.9% ahead of Q2. In addition, GGR from contests was 56.6% higher than last year at €50,000, but 68.4% behind Q2.

Players deposits and marketing costs up in Q3
Consumers in Spain deposited a total of €921.8m in Q3, an 11.9% increase on last year but slightly lower than Q2.

Withdrawals amounted to €615.9m, a year-on-year rise of 8.1% but 2.9% lower than Q2. It was also noted that 322,709 new accounts were opened in Q3, higher than both last year and the second quarter.

As for the monthly average of active game accounts, this stood at 1,082,743, up 10.6% from last year but 4.6% behind Q2. 

Turning to operator spending, marketing costs in Q3 reached €93.3m. This was 12.0% up year-on-year but 4.9% behind Q2’s total spend. 

The main source of gambling marketing in Spain during Q3 was promotions, with spend here reaching €47.7m. A further €33.2m was spent on advertising and €11.6m on affiliates.

It was also noted that there were 78 licensed operators active in Spain during Q3. Of these, 50 offered casino, 42 sports betting, nine poker, three bingo and two contests.