According to figures released this week by the Dirección General de Ordenación del Juego (DGOJ), gross gaming revenue in the three months ending March 31 totaled €102.3m, up nearly 8% from Q4 2015 and up a whopping 32.1% from the same period last year.
Sports betting continued to dominate the market, capturing 50% of all online turnover and 57.3% of all revenue. Betting stakes were up 33% year-on-year to €1.33b while revenue improved 29% to €58.6m.
Pre-match betting accounted for 29% of online sports stakes while live in-play wagers claimed 71%. Betting revenue was more evenly split (pre-match 41%, live betting 59%). Exchange wagering, which was approved last summer along with slots, garnered stakes of €7.5m.
The casino vertical enjoyed serious gains, with stakes rising 90% to €899m and revenue up 104% to €25m. Much of this boost came courtesy of the newly authorized online slots, which generated stakes of €247.7m and revenue of €9.5m, the latter figure up 12% from Q4 2015. The other authorized casino products appear to have enjoyed a spillover from slots players, with roulette (live and conventional) stakes up 42.3% and blackjack up 27%.
Poker continued its role as the ugly duckling of European regulated markets, with revenue down 12% year-on-year to €14.8m, split evenly between cash games and tournament. Overall poker stakes fell 18.2% to €411m, with cash games off 19% and tournament fees down a mere 16%. Basically, liquidity sharing with France can’t come soon enough.
Bingo managed to pull off some healthy gains, with stakes up 10.3% to €18.9m and revenue rising 9.8% to €2.2m.
Spanish-licensed online operators spent €32.7m on advertising during Q1, a 46% increase from Q1 2015. All this shilling appears to have paid off, as the categories of active users and total deposits were each up 40% to 550K and €271m, respectively.