Spain’s Regulated Online Gambling Market Gets Back on Track During Q3 2019
Spain’s online gambling market is getting back on track with a reported 5.4% increase with gross gaming revenues during Q3 2019. The Dirección General de Ordenacion del Juego (DGOJ) reported that the increased growth is due to the supported gain of the sports betting vertical in the country. The DGOJ also reported, for the three-month timeframe ending September 30, gross gaming revenues climbed to $211.1 million, a 7.5% quarter-on-quarter increase.
The sports betting sector of the Spanish market rebounded after suffering from a bad second quarter this year. The lack of major summer sporting events caused market to suffer significantly for Q2 but thank goodness Q3 had a 16.6% advance over Q2 picking up some of the slack. Pre-match wagering is what suffered the most during quarter 2. Contributions for Q2 only amounted to 40.1 million.
Online casino activity declined compared to Q2. Online casino activities represented 3.6% decrease compared to the second quarter. Poker continues to be the third biggest revenue earner with gross gaming revenues. Poker activities rose by 3.4% to 20.5 million. Bingo earnings were 3.2 million. Bingo revenues did see a big growth when comparing their lowest base in previous quarters.