Spanish online gambling market strong in Q2-2018

New figures from Spanish regulator Dirección General de Ordenación del Juego (DGOJ) this week show that the Spanish online gambling market continued to grow strongly in Q2-2018, with the following highlights:

* Overall online gambling revenue soared 40.1 percent year-on-year to Euro 167.2 million;

* Sports betting revenue rose 46.7 percent year-on-year to Euro 87.6 million, with pre-match betting up 32.7 percent;

* Online casino revenue rose 36.9 percent y-o-y at Euro 56.5 million, with slots the best generator delivering 51 percent of online casino revenue;

* Online poker rose 34.8 percent y-o-y at Euro 19.5 million, although observers were quick to note that Q2 revenue was almost 9.6 percent down on Q1-2018 revenue. The sequential decline (cash games 18.1 percent and tournaments 3.8 percent) was blamed on the distractions of the World Cup football by some analysts;

* Online bingo revenue was up 16.9 percent year-on-year at Euro 3.3 million;

* Customer registrations rose a third in the second quarter on a year-on-year basis, reaching 268,000, with overall monthly regulars up 31.7 percent at 860,000;

* Online gambling companies spent Euro 81.3 million on marketing in the quarter, up 55.2 percent y-o-y, with Euro 41.1 million invested in promotions, Euro 3 million on sponsorships and Euro 8 million on affiliate marketing.

Operators are expected to benefit substantially from the government’s smart decision to reduce online gambling taxes from 25 percent of GGR to 20 percent.

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