Spanish online gambling market continues to flourish

The regulated online gambling market in Spain continued to grow in the fourth quarter of 2016, with regulator Dirección General de Ordenación del Juego reporting GGR up 32.6 percent y-o-y at Euro 125.7 million.

Other highlights of the report:

* Deposits in Q4-2016 reached Euro 2.9 billion, up 19.9 percent from the same period in 2015;

* Sports betting again dominated, accounting for 55.52 percent of all revenue at Euro 69.77 million (up 30.6 percent), and 43.82 percent of deposits at Euro 1.3 billion (up 7.7 percent);

* By comparison, online casino operations contributed 28.6 percent of overall revenue; online poker just 2 percent and contests 1.76 percent;

* Online casino deposits accounted for 41.17 percent of all deposits at Euro 1.2 billion; online poker 14.27 percent, Bingo 0.65 percent, and contests 0.1 percent.;

* At Euro 35.95 million, online casino revenue was up an impressive 58.83 percent year-on-year, probably due to slot action, which generated Euro 16.78 million in GGR – a rise of 98 percent;

* Revenue from online roulette topped Euro 12.77 million, and Blackjack Euro 6.4 million;

* Online poker underperformed, with a6.9 percent decline in deposits to Euro 415.6 million, but a 4.6 percent rise in revenue at Euro 12.23 million;

* Tournament activity accounted for 55.9 percent of online poker actionat Euro 8.5 million – up y-o-y by 16.9 percent;

* Cash game revenue dropped 7.6 percent to Euro 6.7 million, contributing Euro 44.1 of all online poker revenue;

Despite poker’s relatively poor performance, the outlook is not all doom and gloom; talks are reportedly at an advanced stage between Spain, France, Italy, Portugal and possibly the UK on shared player pools.

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