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Gross gaming revenue (GGR) from Spain’s regulated online gambling market has increased 5.4% year-on-year during the third quarter of 2019. Total GGR for the three months to September 30 climbed to €191.7m, which also represented a 7.5% quarter-on-quarter improvement.
This was due in part to online sports betting rebounding after a difficult second quarter, in which the market suffered from the lack of a major summer sporting event. Revenue for Q3 rose to €100.8m, a 3.2% year-on-year improvement and a 16.6% advance on Q2.
Pre-match betting saw its contribution grow to €40.1m, though this still lagged behind Q3 2018 figure. However, it was more than offset by growth in live betting revenue, which increased to €57.9m. Online casinos contributed €66.5m to the quarterly total. This represented a 3.6% decline compared to the second quarter, though a 9.3% jump from the prior year.
Poker remains the third biggest product in terms of revenue, with GGR rising 3.4% to €20.5m, with bingo’s contribution up marginally to €3.2m. Contests, meanwhile, saw the largest growth from the lowest base, with revenue up 128.2% year-on-year to €726,423.
The start of the European football season during the quarter prompted a hike in marketing spend by Spanish licensees, with total expenditure rising 6.1% to €82.3m. Operators spent €5.5m on sponsorship deals – up 45.9% from Q3 2018 – with affiliate marketing spend climbing 25.1% to €9.6m.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spain Gross Gaming Revenue Increases 5.4% in Q3 2019
