Spain’s online gambling market rose by more than one-fifth in the first quarter of 2019, despite the poker vertical’s decline.
Figures released Monday by Spain’s Dirección General de Ordenación del Juego (DGOJ) regulatory body show locally licensed online operators generated revenue of €193.2m, up a modest 2.14% from Q4 2018 but a 20.1% improvement over the first quarter of 2018.
Sequential growth in Spain’s regulated online market has been slowing over the past year, and the Q1 growth marks the lowest percentage gain since the 2.3% rise recorded in Q2 2018. However, that quarter featured the first half of the 2018 FIFA World Cup, a tailwind that Q1 2019 lacked, so congratulations may be more appropriate than hand-wringing.
Online sports betting revenue was up 26.2% year-on-year to €100.8m although the percentage gain from Q4 2018 was only 0.63%. In-play betting’s share of overall betting revenue was up 11.5% from Q4 while pre-match revenue was down 11%.