Casino and poker growth
Spain's online gaming market officially opened on 5 June 2012, with the launch of.es dedicated websites. In the first three quarters of 2013 alone, the Spanish market generated EUR 168 million in gross gaming revenue. But the path to becoming a lucrative regulated online gaming market was a slow and sometimes tortuous one. The regulation of online gambling in Spain. Spain finally confirmed the status of a large European country with a self-sufficient online gambling market in Spain in 2014 by forming a government agency responsible for the regulation of activities in gambling industry – the Gambling Commission of Spain (Commission Nacional del Juego). The first bricks-and-mortar casinos were legalized in Spain in 1977. However, the path to regulated online gambling in Spain has been a long and steady one, and it was only in 2012 that the government finally introduced legislation to cover the industry. The main aim of the federal Gaming Act is to harmonise the regulation of online gambling in Spain, an activity beyond regional boundaries (see below, Background to Gaming Act). At the same time, regional gambling continues to be regulated by each autonomous region. The Act provides that.
Casinos in south beach miami. Spain's online gambling market enjoyed 17.7% year-on-year growth in the second quarter of 2020 as an increase in online casino games and poker helped offset a decrease in sports betting revenues during the same time frame.
For the three months time ending June 30, total gross revenues declined by 4.2% when compared to the first quarter of the year, finishing at €208.9m ($245.2m).
Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
For online casino gaming, the industry saw a huge boost year-over-year, with revenues of €93.5m ($109.5m), an increase of 36.5% from Q2 2019. Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
Because sports were basically non-existent for much of the quarter because of the pandemic, players seemed to have shifted to online casino gaming. Slots play was up, with a GGR increase of over 30% year-on-year, with €51.9m ($60.8m) generated.
Poker also saw a substantial increase, rising just over 97% to €38.2m ($44.7m) in revenue.
Sports betting drop
As sporting events, including Spain's soccer leagues, were suspended during the quarter, the sports betting industry suffered a huge blow. Revenues were down 20.8% year-on-year and down 38.4% from Q1. Only €68.1m ($79.8m) in revenues were generated.
Dirección General del Ordenación del Juego (DGOJ), Spain's gambling regulatory body, reported a large drop in betting during the second quarter. Pre-match, fixed-odds bets were down 49%. In-play wagers dropped almost 40% and total stakes across all bet types and products were down just over 40%.
Advertising investment drop
During the same time period, the industry saw a huge decline in license holder investment in advertising. Because of the COVID-19 pandemic, new regulations were put in place to restrict television and radio ads to between 1am and 5am. Because of this, companies only spent €17.2m ($20.1m), a decrease of 57.6%.
Online Gambling Rules And Regulations
Casinos in south beach miami. Spain's online gambling market enjoyed 17.7% year-on-year growth in the second quarter of 2020 as an increase in online casino games and poker helped offset a decrease in sports betting revenues during the same time frame.
For the three months time ending June 30, total gross revenues declined by 4.2% when compared to the first quarter of the year, finishing at €208.9m ($245.2m).
Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
For online casino gaming, the industry saw a huge boost year-over-year, with revenues of €93.5m ($109.5m), an increase of 36.5% from Q2 2019. Customer stakes came in at €2.86bn ($3.3bn), a jump of more than 25%.
Because sports were basically non-existent for much of the quarter because of the pandemic, players seemed to have shifted to online casino gaming. Slots play was up, with a GGR increase of over 30% year-on-year, with €51.9m ($60.8m) generated.
Poker also saw a substantial increase, rising just over 97% to €38.2m ($44.7m) in revenue.
Sports betting drop
As sporting events, including Spain's soccer leagues, were suspended during the quarter, the sports betting industry suffered a huge blow. Revenues were down 20.8% year-on-year and down 38.4% from Q1. Only €68.1m ($79.8m) in revenues were generated.
Dirección General del Ordenación del Juego (DGOJ), Spain's gambling regulatory body, reported a large drop in betting during the second quarter. Pre-match, fixed-odds bets were down 49%. In-play wagers dropped almost 40% and total stakes across all bet types and products were down just over 40%.
Advertising investment drop
During the same time period, the industry saw a huge decline in license holder investment in advertising. Because of the COVID-19 pandemic, new regulations were put in place to restrict television and radio ads to between 1am and 5am. Because of this, companies only spent €17.2m ($20.1m), a decrease of 57.6%.
Online Gambling Rules And Regulations
Online Gambling Regulations In Usa
In total, marketing spend by operators dropped across all channels and formats. Total spend was down 50.6% year-on-year to €40.6m ($47.5m).
