Industry Giants Betsoft Sign with Paf [...]
Spain Ends 2017 In Impressive Manner
- March 1, 2018 By Riley Wilson -
Spain’s gambling watchdog Dirección General de Ordenación del Juego (DGOJ) has announced the results for the third and the fourth quarter of 2017, revealing growth across all key verticals.
During the three-month period ending on September 30, licensed operators doing business in Spain recorded revenues of €173.3 million, which represents a rise of more than 23.5% over the corresponding period of 2016.
More Players Means More Money
The number of active players increased by nearly 12% on a yearly basis to more than 676,000, while customers deposits amounted to €495.5 million, improving by 53.2%.
These results were achieved in spite of the reduced advertisement investments in Q4, which were down by 1.4% to €31.3 million. Bonus offers to customers rose by 13.1% to €21 million, affiliate marketing costs also increased by 38.6% to €7.5 million, while sponsorship expenses were almost twice the size when compared to 2016 (€3.15 million).
When it comes to individual verticals, casino spending spiked by almost 48% to a staggering €1.77 million, accounting for nearly half (49.9%) of the country’s overall turnover. Sports betting was the runner-up among online verticals, improving by 5.2% and taking home €1.34 billion for a 37.7% share of the turnover.
Strong Performance Across Key Verticals
Sports betting recorded an impressive 48.5% rise to €103.6 million, while casino revenue improved by 37.4%, reaching €49.4 million.
Live betting was very popular among the Spanish players, accounting for 51% of the overall betting revenue. When it comes to casinos products, slots accounted for 52% of the casino revenue, followed by live and conventional roulette with 35.4% share of the vertical’s revenue.
The total online poker spending increased by 15.5% to €411.6 million, with a rise of 5% in poker revenue to €15.5 million. According to available information, a 2.2% increase in tournament fees was responsible for these results, since cash game stakes recorded a drop of 2.6% when compared to the same period of 2016.
More improvements are expected to come as a direct result of the recently launched shared liquidity between the regulated markets of Spain and France.