Spain records online gaming revenue jump

Spain 2iGaming Business – Spanish regulator Dirección General de Ordenación del Juego (DGOJ) has cited the popularity of sports betting in the country as the main reason behind a year-on-year jump in online gaming revenue during the first quarter of 2014.

The regulatory body reported gross gaming revenue of €67.9 million ($92.4 million) during the quarter, an increase of 9.2% on the amount generated during the corresponding period last year.

Spanish punters wagered a total of €1.6 billion during the period, which is a year-on-year increase of 16.1%.

The DGOJ also reported that January proved to be a record month in terms of amounts staked, with punters having gambled a total of €540.2 million during the month.

Sports betting proved to be the most popular form of gambling after punters spent €642.7 million wagering on sports, generating €37.6 million in revenue, 55.4% of total gross gaming revenue during the period.

Online poker also proved popular amongst Spanish gamblers, having generated €17.7 million in revenue, 26% of the total amount for Q1, while casino games were listed as the third most popular form of gambling with 13.1% of gross gaming revenue.

Bingo and contests were responsible for just 3.1% and 2.4% of gross gaming revenue, respectively.

SOURCE

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