Published
OnlineCasinoFinancialIndustry

Gaming revenue in Spain drops 50% year-on-year

Spanish gambling industry association, Cejuego, and the University Carlos III of Madrid have presented a study of the gaming industry in Spain titled the Spanish Gaming Yearbook for 2020. It presented Spain’s gaming revenue and considered the impact the ongoing pandemic had on the industry. 

spain

The study shows revenue for the first ten months of 2020 fell to €4.4bn ($5.3bn), a 50% drop from the gross revenue for the same period in 2019. €2.4bn came from private gaming, and the State Lotteries and Betting and Organización Nacional de Ciegos Españoles (ONCE) earned €1.9bn. Meanwhile, €1.3bn went to gaming taxes: €197.3m from the State and €1.1bn from the Autonomous Communities. 

José Antonio Gómez Yáñez, the author of the study, said only 0.3% of all gambler display problem gambling behavior. Only 17% of young people participate in gambling, which is less than Europe’s average of 24%. Based on the data, in 2019, 84,797 people were employed in the gaming sector, half (47,047) of them in private gaming. Yáñez commented: “Companies are making a great effort to maintain their workforce despite the decline in their income.” 

According to InfoPlay, the CEO of Cejuego Alejandro Landaluce pointed out the data reveals the slow recovery of the market; he said: “The gaming industry is one of the ones that takes the longest to recover. In 2019 we had not recovered the levels prior to the 2008 economic crisis and now the situation is far worse.” 

 

Premium+ Connections
Premium

Digitain

 
 
Premium

Revsharks

 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Sport Generate

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...