Spain‘s General Directorate for Gaming Regulation (DGOJ) has released its financial report for the third quarter of 2023, revealing that the country’s Gross Gaming Revenue (GGR) has exceeded €304 million.
With 78 operators covering betting, bingo, casino, contests and poker, DGOJ highlighted that the €304.26 million in GGR in the third quarter represented an increase of 23.6% on the previous year, but a reduction of 2.67 % compared to the previous quarter.
Deposits and withdrawals followed similar quarterly and annual trends. While deposits grew 11.87% year-on-year, there was a 0.45% decrease from the previous quarter. Withdrawals showed an increase of 8.07% compared to the previous year, but a decrease of 2.92% compared to the previous quarter.
DGOJ publishes details of each sector
When analyzing GGR by vertical, DGOJ detailed that €113.49 million came from betting (42 operators), €3.64 million from bingo (three operators), €160.26 million from casino (50 operators), €50,000 from contests (two operators) and €26.81 million from poker (nine operators).
Casino GGR reached €160.26 million, registering an increase of 25.25% year-on-year and 6.94% quarter-on-quarter. Standing out, live roulette grew 27.81% year on year, while slots showed an increase of 25.94%. Compared to the previous quarter, blackjack increased by 11.47%, slots grew by 8.09%, live roulette rose by 5.43%, and conventional roulette declined by 2.16%.
Poker GGR grew 22.03% compared to the previous year and 4.09% compared to the previous quarter. Tournaments increased by 31.34% year-on-year and 3.37% compared to the previous quarter, while cash increased by 2.06% compared to the previous year and 6.12% compared to the previous quarter.
Betting GGR showed a 22.66% increase year-on-year, but a significant drop of 14.86% quarter-on-quarter, with notable drops in pre-game betting (31.7% drop), live betting (0.26% drop) and fixed bets on horse racing (9.52% drop). Other fixed bets saw an increase of 46.08%.
Bingo GGR suffered a decrease of 0.95% compared to the previous year, but grew 2.91% compared to the previous quarter. Competitions registered a 56.64% increase year-on-year, but a 68.37% drop compared to the previous quarter.
Marketing spend in the third quarter
DGOJ reported that marketing spend in the third quarter reached €93.33 million. All this representing an increase of 12.01% compared to the previous year, but a reduction of 4.93% compared to the previous quarter. Of this total, €11.57 million was allocated to affiliation expenses, €870,000 to sponsorship, €47.68 million to promotions and €33.2 million to advertising.
Regarding promotions, the cost of bonuses included in the prizes was €12.28 million, while the cost of bonuses not included in the prizes was €35.4 million.
The Spanish regulator added that the number of new accounts totaled 322,709 at the end of the quarter. The monthly average was 107,570, representing an increase of 4.49% compared to the previous year. This represents an increase of 4.64% compared to the previous quarter.
The monthly average of active gaming accounts was 1,082,743, showing an increase of 10.61% compared to the previous year.
