DGOJ reports fourth quarter market performance

Spain’s gambling regulator Dirección General de Ordenación del Juego released fourth quarter 2018 results Monday for the three months ending December 31, 2019.

Key performance indicators included:

Gross Gaming Revenue (GGR) was Euro 189.5 million representing a 4.21 percent increase compared to the previous quarter and an increase with respect to the same quarter of 2017 of 10.74 percent.

Sports wagering accounted for 52.74 percent of total market GGR to reach Euro 99.93 million, up 2.33 percent Quarter on Quarter (QoQ) but a decline of -2.10 percent year-on-year (YoY).

The variation is mainly due to sports betting of live counterparts that grew 13.13 percent and conventional bets that decreased -5.31 percent compared to the previous quarter, the DGOJ said.

Casino contributed 34.19 percent to total GGR amounting to Euro 64.77 million, up 6.32 percent QoQ and 32.59 percent YoY. Revenue from slots grew 42.2 percent YoY to reach Euro 36.4 million, roulette 15.6 percent to Euro 8.7 million, live roulette delivered 35.4 percent growth to Euro 12.9 million and blackjack increased 8.7 percent to reach Euro 6.7 million.

Poker represented 11.13 percent of the market reaching Euro 21.08 million, up 6.4 percent QoQ and 36.54 percent YoY. The growth is attributed to a good performance in cash poker and the shared liquidity arrangement with other jurisdictions. Cash games were Euro 8 million, up 27.4 percent and Tournaments amounted to Euro 13 million, up 43 percent.

Marketing spend increased 25.11 percent QoQ and 46.58 percent YoY to reach Euro 95.11 million.

Euro 9.67 million was attributed to affiliate expenses; Euro 3.48 million to sponsorship; Euro 32.15 million to promotions and Euro 49.81 million to advertising. Compared to the previous quarter, marketing expenses increased by 25.11 percent, mainly due to an increase of 36.58 percent in advertising.

The monthly average of active users is 858,285, implying a growth of 25.49 percent QoQ. The monthly average of new registrations was 256,070, an annual increase of 27.61 percent.

Of the 52 licensed operators, thirty held betting licenses, 36 – Casino, eight – Poker, 4 – Bingo and one for Contests.