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    Spain iGaming market showing a year-on-year revenue increase

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    Spain’s iGambling industry is thriving despite the decrease in marketing efforts. Can competitors reach the same success?

    The iGaming industry is constantly evolving with new markets opening thanks to changes in region legislations.

    Spain's iGaming market is relatively new but already boasting incredible growth and revenue increase.

    The developing markets are non-stop, and the big question is whether or not other growing markets can reach the same level of success.

    Spain's increase in GGR

    According to statistics, the 1st quarter of 2021 saw online gaming increase by 3.8% in Spain.

    With figures from the Dirección General de Ordenación del Juego (DGOJ) revealing a 10.19% increase in GGR from 2020, reaching €240.08m. The increase is spread across different gaming verticals with casino games leading the way.

    The overall amount of €110.3m is split across casino games, contests, bingo, and poker. At present, there are about 80 licensed operators within the region, from which statistics were compiled.

    The stats show that player deposits went up by 6.1% and withdrawals 6.4% over Q4 2020. It also shows that new account registrations grew monthly by 7.9% during this time to 422,533.
    The monthly total average of the active gaming account is at 1.1m which is also a big increase of 22.7% year-on-year.

    Interestingly enough the increase in GGR continues despite the lack of marketing investment. According to the figures, the amount spent on marketing material went down 1.7%. The only marketing area that saw an influx in spending is affiliate marketing. For the latter, the cost of spending saw a 1.2% increase.

    Other markets

    Spain is seeing rapid growth and a lot of promise in terms of iGaming market growth. Other developing markets such as Greece, Estonia, and Denmark is also seeing growth in revenue.

    The question is whether or not the growth can reach the same levels of success as Spain is currently experiencing.

    For Denmark, Q1 has been a rollercoaster with gambling revenue falling 15.3% due to the Coronavirus pandemic shutdown of casinos and gaming halls. For the online casinos, there has been a 28.7% increase in GGR. Despite the uptake in iGaming the revenue gained from iGaming was not enough to offset losses.

    The Danish Gambling market continues to shrink with over 27,000 players opting for self-exclusion. According to statistics, over 18,000 players opted for a permanent block of access to gambling. The revenue decrease went down 8.7% year on year. While the iGaming industry has seen a minor increase in players the market isn't showing as much promise as Spain.

    Similar experiences are seen in Estonia and Greece with the latter reporting a 46.9% year-on-year decline in revenue for Q1 2020. The decline in revenue is affected by the closure of retail operations during the Coronavirus pandemic. Despite the increase of iGaming within the region, the effects were heavily felt within the revenue department.

    Despite the fall in revenue, it can be seen that the interest and uptake of iGaming are quickly growing within these regions.

    These developing regions are seeing great success in the online casino gaming department. It is unclear if the growing interest will lead to the same success as seen in Spain.

    The gaming authorities are focusing their efforts on increasing the quality of the online gaming efforts, services, and products available. There is a lot of effort in increasing the iGaming market popularity while simultaneously creating a more secure gaming environment.

    Spain is successfully increasing the growth of its market reaching record GGR, despite an influx in GGR for other developing regions they have not reached the same levels of success.

    Published: July 11, 2021

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    Article by Stelly

    CasinoWow Contributor

    Hey there! I am Stelly, and happily, I'm part of CasinoWow's content team. It excites me to be able to write and share with all gambling enthusiasts unbiased reviews and news that contribute to the gambling community and industry. Thankfully, I also have the chance to help you make an informed choice for casino brands and games, as well as provide interesting guides and news.

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