Online gambling and betting businesses in Spain are on track to becoming a billion-dollar industry, according to forecasts.

An AFP report quoted consultancy firm Ficom Leisure, which said that Spain is now “on the radar of the international market” as it predicts the market’s annual online gambling and betting revenue to hit €1 billion (US$1.22 billion) to €1.5 billion ($1.84 billion) in the next three to five years.

Ficom anchored its analysis on Spain’s 2017 online figures, with sports and casino gross gaming revenues jumping to €560 million ($687 million). Ficom senior partner Christian Tirabassi told the news outlet that, unlike other European markets, Spain still has plenty of room for growth.

Sports betting and gaming company Optima Chief Executive Jacob Lopez Curciel agreed with Tirabassi, saying that Spain remains unsaturated compared to other countries.