Spanish iGaming revenue up 23% year-on-year
Spain’s iGaming market is strengthening, with significant year-on-year growth in the first three quarters of this year. However, activity was also down compared to Q2 results.
The latest report from the Directorate General of Gambling Regulation (DGOJ, by its Spanish abbreviation) shows that iGaming gross gambling revenue (GGR) in Spain reached 304.26 million euros ($332.05 million) in the third quarter of 2023.
The results showed a slight decrease of 2.67% month-on-month, but a significant year-on-year increase of 23.6%. This is the fourth consecutive year of growth for the Spanish iGaming market.
The casino business was the best performer, contributing €160.26 million ($174.91 million) or 52.67% of total GGR. Among them, the month-on-month volatility rates of live roulette and slot machines were 5.43% and 8.09% respectively.
The report provides a comprehensive overview of each key component and highlights the dynamics of GGR distribution, marketing spend, and player activity across different gaming segments.
Online Casinos Stay Ahead
The sports betting sector fell 14.86% month-on-month. The decline was mainly due to declines in pre-match betting (-31.70%) and horse racing fixed-odds betting (-9.52%).
Bingo saw growth, up 2.91% month-on-month, while poker showed a positive trend, with GGR up 4.09%. Poker tournaments and cash games also contributed to the upward trend, with month-on-month volatility of 3.37% and 6.12% respectively.
The number of games dropped sharply by 68.37% month-on-month, continuing the irregular pattern that has existed for many years. The annual change rate of the competitive market segment is in sharp contrast, with a year-on-year increase of 56.64%.
iGaming has been one of the top earners in the e-commerce industry for many years. This situation lasted until 2023, even before the resignation of former Consumer Minister and anti-gambling expert Alberto Garzón.
Marketing, Player Number Decline
Marketing expenses fell 4.93% sequentially to €93.33 million ($101.87 million). A breakdown of Marketing Expenses shows alliance agreement fees of €11.57 million ($12.63 million), sponsorship costs of €870,000 ($950,000), promotional costs of €47.68 million ($52.06 million), and promotional costs of $33.2. million euros ($36.24 million). million) for advertising.
While spending fell sequentially across all marketing areas, year-over-year volatility was positive. They show significant increases in sponsorships (153.04%), partnerships (15.96%), promotions (11.87%) and advertising (9.31%).
The average monthly active game accounts decreased by 4.58% compared with the previous quarter, but the overall year-on-year increase was 10.61%. The average monthly growth of new game accounts was 4.64% month-on-month and 4.49% year-on-year.
Player deposits and withdrawals have similar trends, with annual volatility rates of 11.87% and 8.07% respectively. However, quarterly data showed a slight decline in deposits of 0.45% and a more significant decline in withdrawals of 2.92%.
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Source: www.casino.org
