Spain’s online gambling market stumbles out of the gate in 2017

Spain’s regulated online gambling market saw revenue jump by one-fifth in the first quarter of 2017, despite reduced marketing activity by locally licensed operators.

Figures released this week by Spanish gaming regulator Dirección General de Ordenación del Juego (DGOJ) show total online revenue of €122.7m in the three months ending March 31, nearly 20% higher than the same period last year but a 2.4% decrease from Q4 2016’s total.

While nearly all gaming verticals posted year-on-year improvement in Q1, only sports betting improved from Q4 2016. Betting revenue was up 2.6% sequentially to €71.6m, a 22% rise over the same period last year. Sports betting turnover rose 4% to just under €1.4b, of which nearly 70% was spent on in-play wagers.

The casino vertical reported revenue rising 30% year-on-year to €32.5m, although this was down 9.5% from Q4’s total, while casino spending rose 31.3%. Slots and roulette reported nearly identical revenue of €13.7m, representing 42% year-on-year gains for both products. Blackjack improved nearly 18% to €5.1m while baccarat revenue managed to stay flat at €2.5m despite turnover falling nearly 60%.