Spain fines 15 gambling operators for $69M
Spain’s Ministry of Social Rights, Consumer Affairs, and the 2030 Agenda has taken strict action against illegal gambling practices, issuing fines totaling €65.3 million ($69...
Spain records strong Q3 with $366.3M
Spain reported strong Q3 results, highlighting the rise of GGR by 14.4%, which is significantly more than Q2 revenues.
Casino gaming claimed the crown, generating $194.8 million, which makes almost 54% of the total GGR. The biggest contributors to the industry are slots and table games. While not as strong as Q2 revenues, sports betting secured second place with $143 million in revenues, which makes up 39.1% of total GGR.
The big numbers come from higher player activity. In Q3, players were more engaged than ever, with deposits rising by 23.9% to $1.2 billion and withdrawals jumping 30.3% to $844.2 million. Moreover, operators also saw 459,543 new gambling accounts opened, which is an increase of 42.4% when compared to Q3 2023.
The interest from players comes from operators’ investments in marketing campaigns. Almost $70 million was spent on promotions, $53 million on ads, and $14 million on affiliate deals. Meanwhile, Spain’s Ministry of Social Rights sanctioned 15 gambling operators, issuing $69 million in fines.
Poker and Bingo markets in Spain
Poker revenue continued to see a decline. In Q3, it saw a 23.5% decline year-on-year to $21.6 million. Bingo, on the other hand, showed slight growth, bringing in $3.9 million, which is an increase of 1.7% when compared to Q3 2023.
FAQs
Is gambling legal in Spain?
Gambling in Spain is legal but strictly regulated by DGOJ.
What is the legal gambling age in Spain?
The legal gambling age in Spain is 18 years old.
Spain casinos hit €346.3m in Q2
Gross gaming revenue in Spain has risen 10.8 percent year-on-year in Q2 to €346.3m.
The GGR Q2 results in Spain fell by 1.2%. The Spanish gambling regulator, DGOJ, reported...
