Spain: Sports wagering propels 80% year-over-year revenue expansion
In the fourth quarter of 2022, Spain's gross gambling revenue (GGR) surged by 78.2% year-on-year, propelled by expansion in the sports betting sector.
Spain's online gambling in the second quarter
During the three-month period, Gross Gaming Revenue (GGR) reached €313.3 million (£274.7 million/$334.2 million), reflecting a 27.1% increase from €240.8 million in the third quarter of 2022, as reported by the Spanish regulatory authority, Directorate General for the Regulation of Gambling (DGOJ).
Sports betting gross gaming revenue (GGR) totalled €141.4 million, reflecting a 223.4% increase compared to the prior year (52.8% rise quarter-on-quarter) and being 45.1% of the total GGR earned during the quarter.
The DGOJ reported a 108.5% increase in pre-match bets and a 13.8% rise in in-play wagers quarter-on-quarter, with other betting categories rising by 86.8% and horse betting by 63.6%.
The casino's Gross Gaming Revenue (GGR) increased by 32.4% to €142.3 million, reflecting a year-on-year rise of 32.4% and an 11.1% increase compared to Q3. The industry represented 45.4% of total Gross Gaming Revenue in Q4, just surpassing sports betting.
The Gross Gaming Revenue (GGR) for slots increased by 27.3% compared to the prior year, whilst the GGR for live roulette rose by 51.7%.
In other areas, poker gross gaming revenue (GGR) increased by 26.8% year-on-year to €26.1 million, accounting for 8.3% of the entire market. Conversely, bingo GGR decreased by 11.5% to €3.6 million, while contest revenue sank by 36.7% to €30,000.
Increase in marketing expenditures
The marketing expenses for the quarter totalled €106.4 million, reflecting a 13.9% increase compared to 2022 and a 30.1% rise relative to the third quarter of 2022. This comprised €51.7 million in promotional expenditures, €38.7 million in sponsorship, and €14.6 million in affiliation costs.
The monthly average of active game accounts reached 1,185,452, reflecting a year-on-year increase of 22.9% and a 21.1% rise compared to Q3. Conversely, the monthly average of new game accounts totalled 131,095, representing a decline of 21.6% from the previous year, although an increase of 23.9% from Q3.
At the conclusion of the quarter, there were 78 licensed operators functioning in Spain, comprising 54 casino operators, 45 for betting, nine for poker, three for bingo, and two for contests.
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