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Casino and poker growth
Spain’s online gambling market enjoyed 17.7% year-on-year growth in the second quarter of 2020 as an increase in online casino games and poker helped offset a decrease in sports betting revenues during the same time frame.
For the three months time ending June 30, total gross revenues declined by 4.2% when compared to the first quarter of the year, finishing at €208.9m ($245.2m).
Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
The bill also excluded live in-play betting and bingo, due to the potential for dangerously addictive effects. Spain approved adding slot machines to online casinos in spring 2013, and in October 2014 the country announced it would be awarding licenses to operators wishing to offer slots and other online. Online Casino Sites in Spain. Did you come here while looking for the best Spain casinos online? Then you found the right place. Our team (together with the special algorithm) spends a lot of time picking the most reliable Spanish casinos online so that our readers can play online casino Spain safely and legally. Spanish online casinos are also available through operators based out of the country, and there are over 250 of these that offer game play in Spanish and accept wagers in Euros. Online gamblers in Spain fund their accounts with credit and debit cards, as well as Teleingreso and Skrill, two of the many alternative payment methods available to them.
For online casino gaming, the industry saw a huge boost year-over-year, with revenues of €93.5m ($109.5m), an increase of 36.5% from Q2 2019. Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
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Because sports were basically non-existent for much of the quarter because of the pandemic, players seemed to have shifted to online casino gaming. Slots play was up, with a GGR increase of over 30% year-on-year, with €51.9m ($60.8m) generated.
Poker also saw a substantial increase, rising just over 97% to €38.2m ($44.7m) in revenue.
Sports betting drop
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As sporting events, including Spain’s soccer leagues, were suspended during the quarter, the sports betting industry suffered a huge blow. Revenues were down 20.8% year-on-year and down 38.4% from Q1. Only €68.1m ($79.8m) in revenues were generated.
Dirección General del Ordenación del Juego (DGOJ), Spain’s gambling regulatory body, reported a large drop in betting during the second quarter. Pre-match, fixed-odds bets were down 49%. In-play wagers dropped almost 40% and total stakes across all bet types and products were down just over 40%.
Advertising investment drop
During the same time period, the industry saw a huge decline in license holder investment in advertising. Because of the COVID-19 pandemic, new regulations were put in place to restrict television and radio ads to between 1am and 5am. Because of this, companies only spent €17.2m ($20.1m), a decrease of 57.6%.
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In total, marketing spend by operators dropped across all channels and formats. Total spend was down 50.6% year-on-year to €40.6m ($47.5m).