Year-on-year, betting revenue grew by 19.8% and casino revenue by 17.3%.
Key Highlights:
Robust Growth: Spain’s online gaming market continued its upward trajectory in Q3 2024, with total GGR reaching €348.1 million, a 14.4% year-on-year increase.
Casino Dominance: Casino gaming remained the largest segment, contributing 54% of the total GGR, driven by strong performance in slots and blackjack.
Betting Gains Momentum: Sports betting experienced a significant 19.8% year-on-year growth, although it faced a slight decline quarter-over-quarter.
Mixed Performance for Poker and Bingo: While poker GGR declined both year-over-year and quarter-over-quarter, bingo saw modest growth in both periods.
A Deeper Dive into the Data
The Directorate General for the Regulation of Gambling (DGOJ) released its Q3 2024 report, shedding light on the key trends shaping Spain’s online gaming landscape.
Casino Gaming:
Year-on-Year Growth: Slots and blackjack were the primary drivers of year-over-year growth, with significant increases in GGR.
Quarter-on-Quarter Trends: Slot machines outperformed blackjack in terms of quarter-over-quarter growth.
Sports Betting:
Year-on-Year Surge: The betting segment experienced strong year-over-year growth, fueled by increased interest in various sports events.
Quarter-on-Quarter Dip: However, quarter-over-quarter, the segment faced a slight decline, primarily due to a decrease in pre-match and horse betting.
Poker and Bingo:
Poker’s Challenges: Poker GGR declined both year-over-year and quarter-over-quarter, primarily due to a decrease in tournament activity.
Bingo’s Steady Growth: Bingo, though a smaller segment, exhibited modest growth both year-over-year and quarter-over-quarter.
Player Activity and Marketing:
Increased Player Engagement: The number of new player accounts and active accounts continued to grow, indicating increased interest in online gaming.
Higher Marketing Spend: Marketing expenses increased significantly, reflecting the industry’s focus on acquiring and retaining players.
As Spain’s online gaming market continues to evolve, industry stakeholders will closely monitor these trends to identify opportunities and challenges in the coming quarters.
