Total revenue for the 12 months to 31 December 2024 was €1.45 billion (£1.21 billion/$1.56 billion), a new record for Spain. This comfortably beats the €1.24 billion reported in online gross gambling revenue (GGR) during the previous year.
Data published yesterday (24 March), by regulator Dirección General de Ordenación del Juego (DGOJ), shows deposits for the year were 19.6% higher at €4.58 billion. Withdrawals were also up 19.7% to €3.15 billion as players won more while gambling online.
Online casino and sports betting records tumble in Spain
Breaking down each market segment, online casino was again the main source of revenue in Spain. Total GGR from this segment hit €730.7 million, up 17%, marking another new record for the country.
Slots generated the most revenue in this area at €472.2 million, up 22.8%. Live roulette was second on €208.8 million, then non-live roulette at €24.9 million.
Turning to sports betting, GGR for the year was €608.9 million, a rise of 23.8%. This segment saw more growth than any other area of the online gambling market in Spain.
Live betting drew the most revenue at €285.1 million, up 24.1%. Just behind was pre-match betting on €284.7 million, then other bet types at €32.3 million.
Next came poker with €100.1 million in GGR, though this was 5% lower than in the previous year. Tournaments drew €73.6 million of all poker revenue, with cash games hitting €26.4 million.
An additional €14.9 million in revenue was attributed to bingo games, a year-on-year rise of 23.8%. The remaining €7,057 came from contests, down 98.5% from 2023.
Marketing spend drives increased activity
As for marketing, total spend during 2024 hit €526.3 million, an increase of 30.4%. The main outgoing here was bonuses at €261.5 million, a rise of 30.8%.
This was partly due to the reintroduction of welcome bonuses in the country in April, as a number of advertising bans were overturned. The DGOJ said spending across all other marketing areas – advertising, affiliates and sponsorship – was also up year-on-year.
This seemingly had an impact on overall market activity. The DGOJ noted a rise in the total number of active players, with this rising 21.7% to 1.9 million for the year, up 21.7%. Total active accounts also climbed by 26.0% to 3.8 million in 2024.
In addition, monthly average active accounts jumped 23.5% to 1.4 million, with the monthly average for new accounts up 34.7% to 151,898.
Original article: https://igamingbusiness.com/finance/casino-betting-spain-online-gambling-revenue-2024/
