July 13, 2020

Spain’s gambling revenue increases by 12.5% in Q1

Spain’s gambling revenue increases by 12.5% in Q1

Spain—gambling revenue in the country has increased by 12.5% year-on-year in the first quarter of 2020. This increase is credited to growth across all verticals including sports betting, despite the temporary closure of major sporting events from mid-March due to the novel coronavirus (Covid-19) pandemic.

Revenue for the first three months to March 31 went up to €218.0 million ($246.0 million), based on data from the Dirección General del Ordenación del Juego (DGOJ). Players bet around €4.89 billion during this period, up by 3.6%.

There were 911,218 accounts active over the month during the quarter—up marginally year-on-year, although new account sign-ups increased by 5.6% to 289,340.

When it comes to revenue by vertical, sports betting is way ahead with its €110.6 million contribution—up by 8.7% year-on-year. This figure makes up for 50.8% of the quarterly total. This was driven mostly by fixed-odds betting, for which revenue increased by 13.1% to €46.3 million. In-play betting, however accounted for the majority of the revenue, at €61.3 million from the previous year.

The biggest increase—although from a low base—was in fixed-odds betting on other events. This witnessed a revenue increase by 91.3% at €1.8 million.

When it comes to casino, revenue went up by 16.8% at €77.6 million. Slots made up €43.2 million, up by 15.7%. The biggest year-on-year increase recorded was, however, for live roulette, which saw revenue increase by 35.6% to €18.4 million. Standard online roulette also did well, with revenue up by 16.7% to €10.7 million.

Blackjack, however, did not perform well during the quarter as its revenue fell by 17.1% to €5.3 million. Punto y Banca revenue also decreased by 79.2% to just €614.

Poker, on the other hand, saw revenue increase by 13.1% at €24.2 million. The DJOG said that this time, the figure was down to a 15.9% hike in tournament revenue to €16.1 million. Cash game contributions went up by 7.9% to €8.1 million.

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