The fourth quarter figures of the Spanish online gambling market were released last friday and they makes for some interesting reading.
Spain’s Dirección General de Ordenación del Juego (DGOJ) is the agency in charge of the numbers and according to them overall revenue from online gambling was down in the fourth quarter of 2019.
Compared to the same quarter in 2018 the industry suffered a 2% drop which is actually quite large. The two sectors responsible for most of the drop were sports betting which saw revenues drop by over 10% and bingo with a huge decrease of 24%.
It was not all doom and gloom however as our favourite sector the online casino industry went against the downtrend and posted a positive gain of more than 10%
The real standout however and as we would have expected are slots which whilst being part of the online casino industry were responsible for the most revenue earned a massive €1.13bn for the year.
So sports betting which has seen a decline in many countries will likely continue to suffer with online poker not doing that well either but we will of course know more when Q1 2020 figures are released.
We are betting that both online casino revenues and in particular revenue from online slots will continue to be the largest earner not just in Spain but in practically every other country where online gambling has been regulated.