Spain reports iGaming revenue increase in 4Q18

iGaming revenue increased 4.2% during the fourth quarter of 2018. Credits: TextLinks.com

The final three months of 2018 showed that gross gaming revenue from iGaming increased 4.2%.

Spain.- According to new figures released by the Dirección General de Ordenación del Juego (DGOJ), the Spanish gambling regulator, online gaming experienced a modest increase during the fourth and last quarter of 2018.

The three-month period posted a 4.2% increase in gross gaming revenue (GGR) to €189.5 million on a quarterly basis and 10.7% when compared to the same period the previous year. Approximately 52% of the GGR came from sports betting, despite the act that the segment only grew 2.3% on a quarterly basis.

Casino was the second-highest earning segment in Spain, as it totaled €64.7 million from September to the end of December. Slots were the main contributor for casino to achieve a 6.3% quarterly increase (or a 32.5% year-on-year hike).

Moreover, it was revealed that marketing investment increased during the three-month period. Nevertheless, the number of active users decreased from 900k to 828k in just two months, and the number of new users also fell from 290k to 235k.

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