Spanish iGambling Revenues Soar 26% to €319.6M in 2015

Spain’s iGambling regulator, Directorate General for the Regulation of Gambling (DGOJ), has released its full year financial results for 2015, and the news was hugely positive with revenues soaring by 26% to €319.6 million year-on-year. During 2015, impressive growth was also reported in turnover, which improved by 28% to more than €8 billion from the €6.7 billion generated the previous year.
Overall results for 2015 were boosted by Spanish gambling’s fourth quarter revenues, which came in at €94.76 million, higher by 44.5% from the €65.57 million collected in Q4 of 2014, and 12.58% more than the €84.18 million generated in Q3 2015. During Q4, online gaming operators also increased their marketing expenditures by a whopping 15.6% to €23.27 million from Q4 2014, and by 29.4% from Q3 of 2015.
Quarterly and Annual Reveneue Results:
Q4: Sportsbook (€53.5m), casinos (€22.6m), poker (€14.5m), and bingo (€2.1m).
2015: Sportsbook (€179m), casinos (€67.5m), poker (€59.8m), and bingo (€7.8m).
While sports betting increased by a 40% in 2015, and casino games by a massive 80%, both poker and bingo, on the other hand, saw their revenues both contract year-on-year. As a result, sports betting now accounts for 56% of Spain’s overall online gambling market, and casino games around 24%, while poker has now seen its share of revenues shrink to just 15%.
The main way in which online poker is likely to see any improvement in Spain is if the country decides to revise its gaming regulations and adopt a player sharing agreement, together with the ring-fenced markets of France, Italy, and Portugal. Unlike other online gambling games, poker needs a critical mass of players in order to produce a viable, attractive playing environment for competitors. The practice of European countries segregating their liquidity from other markets in the EU has therefore served only to chase away players, and ultimately dry up most of the action. By contrast, the UK does permit the sharing of its poker players with other international markets, with the country’s subsequent healthy poker economy therefore hailed as an example of a progressive model for others to follow.

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