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Legalization of Online Slots Triggers Boost for Spanish Market

Published on by Adam

Legalization of Online Slots Triggers Boost for Spanish MarketLast summer’s legalization of online slots play has served the Spanish online gambling market well, with revenues rising by nearly a third in Q1 as a result.

Gross gaming revenue in Q1 – ending 31

March – totalled €102.3 million. This was an 8% increase over Q4 2015 and a massive 32.1% improvement on the same period last year, according to data released by the Dirección General de Ordenación del Juego (DGOJ).

Sports betting took home 50% of all online turnover and 57.3% of total revenue. Betting stakes were up 33% year-on-year, with €1.33 billion, and a 29% improvement in revenues was reported, to the tune of €58.6 million.

Pre-match betting and live in-play wagers accounted for 29% and 71% of online sports stakes, respectively. A more even split emerged between betting revenue – 41% from pre-match, 59% from live betting. Along with slots, exchange wagering was also approved last summer and garnered €7.5 million in stakes.

The legalization of online slots play brought positives for other areas of the market too. The casino vertical enjoyed a 90% increase in stakes, bringing in €899 million, and revenue climbed by 104% to €25 million. Slots themselves generated €247.7 million in stakes and €9.5 million in revenue, up 12% from Q4 in 2015. Other casino products benefited too – live and conventional roulette stakes were up 42.3% and blackjack up 27%.

Bingo also experienced some healthy gains, with stakes up 10.3% to €18.9 million and a 9.8% rise in revenue, to €2.2 million.

Despite the positive movements in the market, poker remains something of a spectre over all the good news. Revenue was down 12% year-on-year to €14.8 million, shared equally between cash games and tournaments. Poker stakes fell 18.2% to €411 million, with cash games declining by 19% and tournament fees slipping by 16%.

Operators licensed by Spain spent a collective €32.7 million on advertising their wares during Q1, up 46% from the same period in 2015. Their investment and hard work appears to have paid off – active users and total deposits were both up 40%, reaching 550,000 users and €271 million in deposited funds.

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