Gambling holds 3 percent of Spain’s GDP

spain

The gambling market holds 3 percent of the country's GDP.

The Spanish gambling market accounts 3 percent of the country’s gross domestic product.

Spain.- According to a report from Codere Foundation and the Carlos III University of Madrid’s Institute for Policy and Governance (IPOLGOB), the gambling market holds 3 percent of the entire country’s gross domestic product (GDP) in 2015.

Total land-based gambling spending rises to US$27 billion in 2015, almost a 6 percent higher than 2014, whilst spending in online gambling sited experienced a big rise of US$9.12 billion, half of it coming from sports betting. State lottery also saw an increase of 4 percent in sales, to US$9.36 billion.

Gross gambling revenue (GGR) from Spanish operators accounted US%9.32 billion, and online gambling revenue reported numbers of US$241 million. The online sector grew after Spain approved online slots play in the first months of 2015.