Spain online revenue up 20% for Q1
Sports betting and casino verticals drove Spain's first quarter online gross gaming revenue (GGR) up 20% year-on-year to €193.25m ($216.16m).
Sports betting GGR increased 26% year-on-year and 0.63% from the previous quarter, totalling €100.8m for the period. This boost was mainly a result of increased live betting, which grew 11% from the previous quarter, while conventional bets dropped 11%.
The casino sector’s GGR of €67.1m represents 35% of the online industry in Spain for Q1. Casino GGR for the period increased 20% year-on-year and 3.7% from the previous quarter.
Of the 53 licensed operators in the market, 31 had sports betting operations and 37 operate bingo games.
Poker, available with nine operators, saw its GGR drop 1.4% year-on-year to €21.2m.
Bingo also saw a year-on-year decline, falling 8.6% to €3.2m. It is available with just four operators in Spain.
Marketing spend in the quarter was €92.25m, a 22% year-on-year increase. A total of €47.8m was spent on advertising, €29.3% on promotions, €10.2m on affiliates and €4.8m on sponsorship.
The monthly average of active account users increased 13% to 909,513, while the average monthly sign-up rate rose 2% to 273,924.
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