Spanish Gambling Revenues Increased in 4th Quarter

Spanish Gambling Revenues Increased in 4th Quarter

Last updated on March 19th, 2023 at 08:31 am

The Directorate General for the Regulation of Gambling in Spain released its fourth-quarter report that showed Spanish gambling revenues increased 78.2 year-over-year. Also, its GGR totaled €313.3 million, an increase of 27.1 percent from the third quarter.

PPH bookie experts attributed the increase to sports betting. Sportsbooks reported a GGR of €141.4 million. Also, it was an increase of 223.4 percent year-over-year. In addition, it was a 52.8 percent increase from the previous quarter. Sports betting contributed 45.1 percent of GGR during the quarter.

The Spanish regulator stated sports betting activity increased by 108.5 percent in pre-game wagering and 13.8 percent in live betting. In addition, horse wagering increased by 63.8 percent. Also, other forms of betting increased by 86.8 year-over-year. However, the regulator noted that the fourth quarter of 2022 was an exceptional period due to the World Cup.

Spanish Gambling Revenues

Spanish Gambling Revenues Increased in 4th QuarterAccording to sportsbook pay per head solution experts, the total gross gaming revenue (GGR) at land-based casinos was €142.3 million in Q4, up 32.4 percent from the same quarter in 2021 and 11.1 percent from Q3’s numbers. The percentage of GGR generated by casinos was 45.4%, narrowly beating out sports betting’s share of 45%.

Slot machines and roulette saw year-over-year growth in GGR of 27.3% and 51.7%, respectively. Poker’s GGR increased by 26.8 percent, while bingo’s GGR decreased by 11.5 percent, reaching €3.6 million.

With an annual growth rate of 22.9% and a quarterly growth rate of 21.1%, monthly active gaming accounts have risen to 1,185,452. At the same time, the number of monthly average new gaming accounts reached 131,095. According to sources, it was down 21.6% from the previous year but up 23.9% from Q3.

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