Spain Reports Impressive 55.1% Growth in Gambling Revenue for Q2 2023

Spain’s gambling industry has witnessed substantial growth, with gross gambling revenue (GGR) soaring by 55.1% year-on-year to €312.6 million (£207.0 million/$332.6 million) in the second quarter of 2023, according to data from the Directorate General for the Regulation of Gambling (DGOJ).

This robust performance in the second quarter not only exceeded the figures from the same period last year but also marked a 2.5% increase compared to Q1 2023. Among the key highlights, casino gaming was the leading contributor to GGR, generating €149.9 million, reflecting a 27.9% YoY increase and a 4.5% rise from Q1.

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Slot machine revenue saw impressive growth, surging by 29.9% YoY, while live roulette GGR increased by 8.9%. However, the sports betting segment reported the most significant percentage growth, with GGR reaching €133.3 million in the second quarter, a remarkable 118.9% YoY increase and a 2.1% rise compared to Q1. Pre-event sports betting GGR saw a 1.8% increase from the previous quarter, and live betting GGR also saw a boost of 3.5%. In contrast, horse racing bets recorded a notable increase of 22.7%, while other sports bets GGR experienced a 15.1% decrease.

Poker GGR showed a strong performance, rising by 27.6% YoY to reach €25.8 million. Tournament poker GGR saw an impressive 38.1% increase from Q2 2022, while cash poker GGR also edged up by 4.9%. Bingo GGR reached €3.5 million, reflecting a 5.5% YoY increase and a 5.5% growth compared to Q2 this year. Meanwhile, contests GGR amounted to €140,000, marking a substantial 1,464.9% increase from last year but falling 41.5% behind Q2.

In terms of player activity, deposits increased by 19.6% YoY but declined by 2.0% compared to Q1. Withdrawals, on the other hand, were up by 3.0% compared to 2022 but down by 2.3% from the first quarter.

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Total marketing spend by licensees reached €96.6 million, showing a 3.0% annual rise. Advertising spending increased by 7.7% from last year, while affiliate spending saw a substantial 56.2% climb, and sponsorship expenditures rocketed by 225.2%. However, promotions decreased by 1.7%.

The report also included an updated overview of the number of licensees active in the Spanish market. Out of the license holders, 43 offer sports betting, 50 operate casinos, nine provide poker services, three are engaged in bingo, and two offer contests.

The Spanish gambling industry’s remarkable growth in the second quarter of 2023 highlights its resilience and potential for further expansion, with sports betting contributing significantly to its overall performance.

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