Spanish online market Q4 results

The Spanish gambling authority DGOJ’S fourth quarter 2017 report on online gambling shows steady growth and progress across most verticals.

Key indicators include:

Gross gaming revenues in the fourth quarter of Euro 173.3 million, up 23.49 percent over the previous quarter and 37.94 percent y-o-y.

Deposits of Euro 495.5 million, up 17.4 percent on Q3/2017 and 53 percent on Q4/2016.

Withdrawals amounting to Euro 328.94 million, up 59.12 percent y-o-y.

Registered users have only grown 0.62 percent y-o-y to reach 602,000.

Euro 31.28 million was spent on advertising during the quarter, a decrease of 1.4 percent on Q4/2016.

Bonusing amounted to Euro 21.06 million, an increase of 13.14 percent compared to Q4/2016.

Sponsorship expenses increased 101.7 percent y-o-y to reach Euro 3.15 million.

In terms of segment, sports betting grew 35.67 percent in terms of GGR compared to the previous quarter, Poker 4.96 percent, Casino 12.97 percent and Bingo 14.77 percent.

Sportsbetting leads the market in terms of percentage GGR per segment with 56.78 percent, followed by Casino 28.5 percent, Poker 8.92 percent and Bingo 1.87 percent.

The Poker segment enjoyed an increase of 8.17 percent in terms of stakes amounting to Euro 411.6 million and 4.96 percent in terms of GGR compared to Q3/2017. Stakes were led by cash games which grew 65 percent to reach Euro 267.9 million, followed by tournaments with a 34.9 percent increase to reach Euro 143.66 million. Cash games delivered growth of 41 percent or Euro 6.32 million in terms of GGR and tournaments Euro 9.14 million, up 59.12 percent.

Cash game stakes declined 2.58 percent y-o-y, however, but Tournaments increased 2.22 percent.  A similar pattern follows in terms of GGR with cash games declining 6 percent and tournaments increasing 7.4 percent.

Casino game GGR increased y-o-y across all game types with the exception of Blackjack. Slots grew 53.24 percent, Live Roulette by 51.88 percent, conventional roulette by 21.81 percent.

Slot wagers y-o-y grew 61.85 percent, Blackjack 21.56 percent, PuntoyBanca 29.72 percent and live roulette 71.56 percent and conventional roulette 20 percent.

Sports wagers grew 6.45 percent y-o-y.  Conventional betting grew 11.24 percent and live betting 4.37 percent.

In terms of GGR, conventional betting increased 64.57 percent, while live betting grew 35.3 percent y-o-y.

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