Spain’s 2017 Q4 Online Gambling Revenues Increased 7.5%
Spain in the 4th quarter of 2017 generated €173.3 million in total online gambling revenues, up 38% on year-to-year growth. Online casinos and bookmaker sites had tremendous growth, while poker sites and bingo halls had a less dramatic increase in revenues.
Live dealer games had a major impact on the statistics, while Spain’s poker player sharing arrangement with France, Italy, and Portugal remains a negligible factor at the moment.
The Directorate General for the Regulation of Gambling (DGOJ) released stats for the Spanish online gaming and betting market, which showed its best span of growth in the fourth quarter of 2017.
Revenues increased both in year-over-year and quarterly gross gaming revenues (GGR). Spain generated €173.33 in the 4Q alone, showing a 24.49% over last year’s 4th Quarter.
Spain’s 2017 Online Gambling Revenues
Online sports betting contributed a great deal of the revenue, with a €103.6 million in Q4 revenues, up to a full 48.5% from 2016’s 4th Quarter. The turnover in online sportsbooks reached €1.34 billion for the year. Online casino revenue was also up 37.4% year-on-year from 2016 to 2017, with a total of €49.4 million spent in casinos. Online casino players wagered a full €1.77 billion generated — up 48% more than 2016 and also ahead of online sports betting.
Online poker did not have quite the same impact, though it showed significant growth. Internet poker sites generated €411.6 million in total spend, with a 15.5% increase year to year in money wagered and a 5% revenue increase to €15.5 million in revenues generated.
Online bingo had a €25.5 million turnover and revenues of €3.3 million, up 40% from last year. Spain’s total online gaming revenues reach $4.438 million (€3.556) in the 4th Quarter, which amounts to a 7.5% growth from 3Q 2017.
Spanish Q4 Gambling Revenues
The 24.49% increase in the GGR in the 4Q of 2017 does not come without an increase in advertising spending. Advertising increased 65.36% compared to the third quarter, though it was minus 1.39% less YoY compared to 4Q 2016.
Across all gaming verticals, the operators generated a combined GGR of $216 million (€173.33) over the Q4 three month time period making it a 24.49% growth over the third quarter. Sports betting contributing to the growth the most with 59.78% of gross gaming revenue, Casino for 28.05%, Poker 8.92%, Bingo 1.87%, and “Contests” contributing a GGR of 0.92%.
Spain’s Online Casino Games
Casino games contributed strongly with $61.65 million (€49.40) in GGR in 2017’s 4Q. The vertical of slots contributed with $32.08 million (€25.71), 52.04% of all casino games. Roulette generated $21.83 million (€17.5) and 35.43% of the casino verticals.
Live dealer casino games are become a major factor in the current growth rates. Live roulette along contributed $12.28 million (€ 9.84), which was a full 56.23% of all roulette play.
Optimism for Online Poker 2018
The sudden growth of the Spain’s online gaming market comes at a time when online poker stands poised to enter a boom phase. Spain, France, Italy, and Portugal signed a player-sharing agreement on July 6, 2017. The four Western European countries combined makes a total of 195 million people.
The agreement came as an attempt to reverse the decline in the global poker market across the entire industry. Though it is still early in the game to see how much growth the countries might see from the player liquidity, the growth Spain has seen in the 4Q of 2017 seems to be a direct result of it.
Bigger Tournaments, Bigger Prize Pools
Back in October, Spain’s gambling regulator, Direccion General de Ordenacion del Juego (DGOJ), announced new licensing opportunities for operators. The year-long window, that will close towards the end of 2018 on December 16, is open for international online gambling licenses.
Spain is requiring operators to obtain two licenses. The first step being to obtain a general license, whether it be a General betting license, a General license of “other games” or a General license of contest. The Second license will be determined upon the operator and its intended license. The licensing application process is a tough and strenuous one but, if chosen, the payoff will be great.
The idea, is that online poker sites will be licensed across all parties of the player liquidity. That, being the goal, would supply online card rooms with a nearly endless player pool of close to 200 million players in it. Currently, PokerStars is the only operator to hold a license in all four countries. And with the loss of the Australian Online Poker Market, many of the other top operators, such as 888poker, shouldn’t be too far behind them.