Spanish Online Gambling Revenue Up in Q2 2017
After a very successful first three months of the year, when Spanish online gambling market recorded a 20% rise in revenue, recently revealed numbers showed the growth continued in the second quarter of 2017.
The data published by the Spanish national gaming authority, Dirección General de Ordenación del Juego (DGOJ), reveal licensed gambling web sites recorded €121.3 million in revenue, during the period from April 1 to June 30.
Unusual Trend on the Market
This is a 22.6% year-on-year increase, but when compared to the first quarter of 2017, it’s a drop of 4.5%.
These year-on-year revenue jumps and sequential drops are slowly becoming a trend, since the similar pattern can be seen in the Q1 results, which were higher than in Q1 2016, but were 2.4% down when compared to the last quarter of 2016.
Sports betting earned €60.1 million, 12.3% more revenue than in the same period of last year. This is an excellent result, especially when you bear in mind the fact that European Football Championship was well under way during the Q2 2016. The aforementioned trend continues here, since the results are 15% less than in Q1, when sports betting recorded €70.6 million.
70% of all betting stakes during the quarter were made through live betting, which also accounts for 68.5% of the quarterly revenue.
Casino revenue recorded both year-on-year and sequential rise. €42.9 million represents an increase of 52.5% when compared with Q2 2016, or 14.5% when compared to the first three months of this year. Slot machine revenue went up by staggering 84% to €21.5 million, live roulette jumped to €9.5 million, while RNG roulette improved by 11.5% (€6.8 million).
Last Chance For Poker?
Online poker also followed the trend. €14.4 million were 5% more year-on-year, but 5% less than in Q1 2017. Cash games were 5.5% down from the same period last year, but tournament entry fee went up by 16.5%.
A further decline of Spanish poker cash game could be stopped if the long-overdue deal to share poker liquidity goes through. Licensed operators in France, Italy, Portugal and, of course, Spain would join together, but the move is yet to be completed. French regulator ARJEL invited its licensees to apply for liquidity sharing, but there has been no action from the Spanish side.
Finally, the numbers show that there were 646,000 active online gambling users in the second quarter, which is 7% more than in Q2 2016.