Spain’s Directorate General for the Regulation of Gambling has reported an increase in market gross gambling revenue in its second quarter of 2024 financials in comparison to the same period last year, but a decrease when compared to the previous quarter.
Casino operations in the country underwent GGR growth year-over-year and quarter-over-quarter, with slots GGR rising in both comparison periods as well.
For Q2, the Spanish gambling authority reported a GGR of €346.34m, up 10.79% YoY, but down 1.24% in comparison to Q1’s figure of €350.69m.
Deposits and withdrawals grew by 17.87% and 17.76% respectively when compared to the previous year, but deposits declined by 0.3% QoQ, while withdrawals increased by 0.97%.
In comparison to the previous quarter, marketing expenditure increased by 6.59%, while new accounts rose by 1.77%.
Breaking down the €346.34m GGR by game segments, casino accounted for 49.57% of the total revenue with €171.69m, followed by betting at 42% with €145.48m, poker at 7.38% with €25.56m, bingo at 1.04% with €3.61m and contests rounding out with approximately €2,000.
During the quarter, the Spanish market had 78 licensed operators – casino: 50, betting: 42, poker: nine, bingo: four and contests: two.
Casino’s GGR of €171.69m was up on a YoY and QoQ basis by 14.57% and 2.34% respectively. In comparison to the same period the previous year, slots GGR rose by 19.52% while live roulette GGR increased by 9.57%.
Against the previous quarter, slots GGR increased by 13.71% and blackjack grew by 12.04%, but conventional and live roulette fell by 21.10% and 12.05% respectively.
Betting’s GGR of €145.48m was down 3.19% QoQ, but up 9.13% in comparison to the same period the previous year. In-play sportsbook GGR and other betting rose by 5.75% and 36.62% respectively QoQ, but pre-match and horse betting fell by 10.34% and 12.25% respectively.
Poker’s GGR of €25.56m dropped by 10.15% QoQ and 0.76% YoY, but poker tournament GGR rose by 1.24% QoQ and 6.24% YoY. Meanwhile, poker cash fell by 37.02% QoQ and 20.63% YoY.
Bingo’s GGR of €3.61m was down by 13.94% QoQ but increased by 1.87% YoY, while contests had no activity.
The authority noted that marketing expenses in Q2 were €120.21m, up 6.59% QoQ and 22.46% YoY.
Breaking this down, affiliation expenses stood at €12.78m (down 11.06% QoQ, up 0.88% YoY), sponsorship was €1.20m (up 24.64% QoQ, down 1.32% YoY), promotions was €62.26m (up 11.85% QoQ, 27.15% YoY) and advertising was €43.97m (up 5.24% QoQ, 24.52% YoY).
Promotions are broken down into the cost of bonus included in prizes (€21.59m) and the cost of bonus not included in prizes (€40.67m).
The monthly average of active game accounts rose by 5.47% QoQ and 23.65% YoY to 1,401,634, while the monthly average of the new game accounts increased by 1.77% QoQ and 46.57% YoY to 150,677.
