Spain Announces Online Gaming Growth Despite Q1 Poker Decline
The national regulatory body for gambling in Spain, the Dirección General de Ordenación del Juego (DGOJ), has announced that despite suffering a drop in internet poker, the country was able to record an increase in online gaming revenue during the three months through to March 31st.
In the first quarter, gross gaming revenue was up 32.1% on the corresponding period last year to €102.3million.
With stakes rising 33% year-on-year to €1.3billion, sports betting was responsible for 50% of online gaming turnover and 57.3% of all revenue in the country.
Revenue from casino jumped 104% to €25million, with the help of a 90% increase up to €899million in stakes, as well as newly authorized slots that generated €9.5 million in revenue during the first quarter.
Bingo revenue was also up 9.8% year-on-year to €2.2 million.
Despite this growth, however, revenue from the Spanish online poker market dropped 12% year-on-year to €14.8million, with stakes down 18.2% to €411million.
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