DGOJ, Spain’s gambling regulatory body, declared a surge in the local online GGR for Q3 2024. The figure for the period uplifted 14.4% YoY and 0.5% QoQ, reaching € 348.1 million.
Changes in Marketing Rules: Results
In April, the country’s Supreme Court decided to lift several limitations related to gaming promotion. For instance, the institution removed bans on welcome incentives and advertisements with celebrities. This move positively impacted the segment’s turnover.
In Q3, growth was detected in several areas, such as:
- deposits — 23.9% up YoY;
- withdrawals — 30.3% up yearly;
- total accounts — 1.7% up quarterly;
- marketing expenses — 9.7% up QoQ (€ 131.7 million).
As of 2024, the state has 77 licensed iGaming brands registered, offering one or more types of entertainment.
The distribution is as follows:
- 51 casinos;
- 24 sportsbooks;
- 9 poker sites;
- 4 bingo portals;
- 2 resources with contests.
Revenue Breakdown by Niche
Profits from internet slots, table content, and similar amusement accounted for 54% of the total digital GGR. Web-based casinos earned € 188 million during the reported period, a 17.3% YoY and 9.5% QoQ increase. The achievement was majorly driven by a whopping 49.4% surge in blackjack turnover, while slots jumped by 25.8%.
Although the country won Euro 2024, the local sportsbook vertical experienced a decline: profits dropped to € 135.9 million, 6.6% down from Q2. Nevertheless, the figure is still larger in a yearly equivalent: the rise accounts for 19.8%. The wagering niche held 39.1% of the total digital earnings during the 3rd quarter.
Results in other sectors were as follows:
- Poker. The segment slowly loses popularity among residents. Its GGR reached € 20.5 million, a 19.7% decline QoQ and 23.5% YoY.
- Bingo. The sphere gained € 3.7 million in revenue, approximately the same as in previous periods. Marginally, profits were up 0.7% quarterly and 1.7% yearly.
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