Spanish Gambling Regulator Reports 78% Increase in Revenues for Q4

Sports betting revenue up by 223.4%

by - Friday, March 17th, 2023 10:59

Spain Gambling

Spain’s Directorate General for the Regulation of Gambling (DGOJ) has released its Q4 22 report revealing that gross gambling revenue (GGR) across the industry for the quarter increased by 78.2% year-on-year.

According to the report, GGR totaled €313.3 million, an increase of 27.1% from the €240.8 million reported in the third quarter.

Sports betting up by over 223%

The growth was primarily driven by sports betting as operators reported GGR of €141.4 million. This represented a significant 223.4% increase on the same reporting period in the previous year. It was also a 52.8% increase on the previous quarter and made up 45.1% of all GGR generated during the quarter.

The DGOJ gave a breakdown of sports betting activity that noted an increase of 108.5% in pre-match betting and a 13.8% increase in live wagers or in-play bets. Horse betting increased by 63.6% while other forms of wagering jumped by 86.8% year-on-year. However, the DGOJ also notes that Q4 22 was an exceptional period due to the World Cup held in Qatar during the month of December.

Land-based casinos lead the industry

Land-based casinos reported GGR of €142.3 million, a 32.4% increase on the same period in 2021 and an 11.1% increase on Q3’s figures. Casinos accounted for 45.4% of the industry’s GGR just slightly ahead of sports betting.

GGR from slot machines increased by 27.3% year-on-year while roulette increased by 51.7%. Poker GGR was up by 26.8% while bingo dropped by 11.5% to €3.6 million.

User numbers on the rise

Average monthly active game accounts increased to 1,185,452, reflecting a 22.9% year-on-year growth and a 21.1% rise compared to Q3. Meanwhile, the average monthly new game accounts total reached 131,095, which was 21.6% lower than the previous year, but still exhibited a 23.9% increase compared to Q3.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.

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