Spain’s online gaming industry experienced significant expansion in 2024, according to the General Directorate for the Regulation of Gaming (DGOJ). The regulator’s Annual Report on Online Gaming revealed a Gross Gaming Revenue (GGR) of EUR 1,454.59 million (USD 1,571.6 million), reflecting a 17.61% increase compared to 2023.
The number of active players also surged, reaching 1,992,889 users, which marked a 21.71% rise from the previous year.
Casino and Betting Lead Revenue Segments
Breaking down the revenue by segment, the Online Casino sector generated EUR 730.3 million (USD 789.3 million), making up 50.23% of total revenue. This growth stemmed largely from slots, which have dominated Spain’s casino market since their introduction in 2015. Additionally, live roulette increased by 10.41% and blackjack rose by 3.8%, though conventional roulette declined by 8.46%.
The Betting segment followed with EUR 608.85 million (USD 658 million), accounting for 41.86% of total GGR. Growth in this sector reached 23.8%, driven primarily by conventional sports betting (+23.69%) and live betting (+24.05%). Other counterpart betting rose 33.45%, but horse betting saw a 16.99% decline.
Meanwhile, Online Poker revenues fell 4.99% due to a 3.48% drop in tournament poker, which makes up 73.58% of the market. Cash poker also decreased by 8.97%. The shared poker liquidity agreement with France and Portugal, established in 2018, remains a key feature of Spain’s poker market, supporting six active platforms.
Bingo, however, posted a 3.96% growth rate, while contests experienced a steep decline of 98.53%.
Marketing and Player Activity on the Rise
In 2024, marketing expenditures in Spain’s online gaming industry totaled EUR 526.3 million (USD 568.7 million). The breakdown included:
- EUR 56.32 million (USD 60.9 million) for affiliate spending
- EUR 5.45 million (USD 5.9 million) for sponsorships
- EUR 261.53 million (USD 282.6 million) for promotions
- EUR 203 million (USD 219.4 million) for advertising
The monthly average of active gaming accounts reached 1,433,715, reflecting a 23.48% annual increase. Additionally, the average number of new gaming accounts hit 151,898 per month, up 34.73% from 2023.
Both deposits and withdrawals followed an upward trajectory, growing 19.62% and 19.73%, respectively. This data highlights Spain’s expanding iGaming sector, driven by increased player engagement and strategic market investments.
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