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Spain’s iGaming Market Concludes 2023 with Remarkable Growth



Spain’s iGaming market has triumphantly concluded 2023, marking another year of significant growth!

Despite a slight dip in recent quarters, the overall annual growth showcases the sector’s robust expansion and evolving player preferences.

Imagine a dynamic and flourishing iGaming landscape, where diverse gaming segments like casinos, sports betting, and poker thrive.

Dive into the intricacies of Spain’s iGaming market, as revealed by the latest DGOJ report, and explore the key trends that shaped 2023.

Spain’s iGaming Market: A Comprehensive Overview of 2023

The Spanish iGaming market has experienced a substantial year-on-year surge in the first three quarters of 2023, according to the latest report by the Directorate General for the Regulation of Gambling (DGOJ). This growth, despite a slight quarter-over-quarter dip, underscores the market’s resilience and adaptability.


Quarterly Performance and Yearly Growth

In the third quarter of 2023, Spain’s iGaming gross gambling revenue (GGR) attained €304.26 million (US$332.05 million). This represented a modest 2.67% decrease from the previous quarter but a significant 23.6% growth year-on-year, marking the fourth consecutive year of expansion for the Spanish iGaming market.

The Casino Segment’s Leading Role

The casino segment has emerged as the dominant force, contributing €160.26 million (US$174.91 million) or 52.67% of the total GGR. Live roulette and slots within this sector demonstrated notable quarter-over-quarter growth rates, reflecting the changing preferences of Spanish gaming enthusiasts.

In-Depth Market Analysis

The DGOJ’s report offers a detailed analysis of the GGR distribution, marketing expenses, and player activity across various gaming segments. This thorough examination provides valuable insights into the trends and dynamics shaping Spain’s iGaming landscape.

Challenges in the Sports Betting Segment

Despite its popularity, the sports betting segment experienced a 14.86% decline quarter-over-quarter. This downturn was primarily due to significant drops in prematch betting and horse racing fixed-odds wagers.


Growth in Bingo and Poker

Contrastingly, bingo and poker segments displayed growth, with bingo increasing by 2.91% and poker by 4.09% in GGR quarter-over-quarter. Both poker tournaments and cash games contributed positively to this trend.

Fluctuations in the Contests Segment

The contests segment witnessed a considerable 68.37% fall quarter-over-quarter, maintaining its irregular pattern over recent years. However, its year-over-year growth rate of 56.64% paints a different picture, indicating potential in the long term.

iGaming’s Stature in the eCommerce Landscape

iGaming has consistently ranked as a top earner in Spain’s eCommerce industry. Even amid regulatory changes, the sector maintained robust performance in 2023, a testament to its resilience and growth potential.

Marketing Expenditures and Trends

Marketing expenses in the iGaming sector saw a 4.93% decrease quarter-over-quarter, totaling €93.33 million (US$101.87 million). This decrease was observed across all marketing channels, including affiliates, sponsorships, promotions, and advertising. Yet, year-on-year comparisons reveal significant increases in these areas, indicating a strong marketing presence.


Player Activity and Financial Transactions

The monthly average of active game accounts showed a 4.58% decline quarter-over-quarter but an increase of 10.61% year-on-year. New game accounts also witnessed growth both quarter-over-quarter and year-on-year. In terms of financial transactions, player deposits and withdrawals experienced parallel year-on-year growth, despite a slight quarter-over-quarter dip.

Conclusion: A Year of Dynamic Growth for Spain’s iGaming Market

As 2023 concludes, Spain’s iGaming market stands out for its dynamic growth and adaptation to evolving market conditions and player preferences. The sector’s diverse gaming offerings, robust marketing strategies, and increasing player engagement are key drivers of this growth. Looking ahead, the Spanish iGaming market is poised for continued expansion and innovation, solidifying its position as a key player in the global online gaming industry.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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