The latest figures from Spain’s gambling regulatory body show the country’s iGaming market growth slowed significantly in the last quarter of 2018.
While locally licensed iGaming operators enjoyed a 25.5 percent increase in overall revenue last year, it still represents a slower growth rate compared with 30.8 percent in 2017 and 34.4 percent in 2016.
In the three months ending December 31, 2018, revenue generated by locally licensed operators rose to €189.5 million, a 4.2 percent increase on Q3 and a 10.7 percent rise when compared to Q4 of 2017.
The figures released by Spain’s Direccion General de Ordenacion del Juego (DGOJ) show online casino revenue increased by 6.4 percent to hit €64.8 million, representing a nearly one-third year on year growth. Slots enjoyed a 42.4 percent year on year improvement, generating total revenue of €36.4 million. Q4 revenue for live roulette was up 35.4 percent to €12.9 million, while “conventional” roulette also enjoyed a 15.6 percent increase to €8.7 million. Blackjack recorded an 8.7 percent growth at €6.7 million.
Meanwhile, the cross-border liquidity sharing pact with Portugal and France contributed to the 6.4 percent rise in revenue generated by Spain’s online poker market. It posted total revenue of almost €21.1 million. Cash games generated €8 million in Q4, representing a 27.4 percent year on year growth, while tournaments rose to nearly 43 percent, recording overall revenue of €13 million.
Despite a 1 percent drop in bingo spending, online bingo revenue was up by 12 percent to bring in €3.5 million. The “competition” vertical suffered a sequential drop of 47 percent to just €169,000, representing an 89.5 percent year on year decline.
For the whole of 2018, casino revenue also rose by 39 percent to €238 million. Online poker (€82 million) and bingo (€13 million) both recorded increases of 37 percent and 18 percent respectively.
However, the figures represent modest growth, despite an increase in marketing costs which stood at €95.11 million in Q4. More than half of the expenditure went to advertising (€49.81 million). Around €32.15 million was spent on promotions, while affiliate costs took up €9.67 million.
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