Spanish online gambling report: Q1 2024 GGR up 15.1%

The Spanish online gambling market has bounced back in the first quarter of 2024, with the Directorate General for the Regulation of Gambling (DGOJ) reporting a strong recovery. Gross gaming revenue (GGR) reached €350.7m ($381m), showing an 11.2% increase from the previous quarter and a 15.1% increase year-over-year. This growth marks a turnaround from the decline reported in Q3 2023.

The betting segment played a significant role in the market’s resurgence, with a 31% increase quarter-over-quarter. Pre-match betting saw a substantial 588.8% growth, offsetting a decrease in in-play sports betting. The casino segment also contributed to the overall growth, with slots and live roulette experiencing significant year-over-year increases.

While some segments like poker saw slight declines, overall player engagement remained strong. Deposits and withdrawals increased by 15.9% and 13.9% year-over-year, respectively. The number of new accounts also grew by 15.2% quarter-over-quarter, indicating a continued interest in online gambling in Spain.

Despite the positive growth, marketing expenses decreased slightly, suggesting a more conservative approach by operators. The market’s resilience and adaptability are evident in the Q1 2024 results, showcasing a return to growth driven by increased player activity and sustained interest in casino games and sports betting. This comeback is particularly impressive considering the previous decline in GGR in Q3 2023.

Overall, the Spanish online gambling market is showing promising signs of recovery and growth, with players showing continued interest and engagement in various gaming options.