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Significant Growth for Spain's Online Gaming Market in 2015Published February 22, 2016 by Florin P
Online gambling follows upward trajectory in Spain, as the numbers for 2015 are very flattering.
2015 has been a great year for the Spanish Internet gambling market, with the national gambling regulator posting some great numbers. Apparently the market grew by 26% in the last year and the gross gaming revenue now exceeds €300 million. Players have responded positively to the products offered by online casinos; some of the most popular destinations among Spaniards are major brands like bet365 Casino, 888 Casino and Rich Casino.
Sports Betting Leads the Way
With an increase of nearly 50% compared to the previous year, sports betting is the main catalyst for gambling operators in terms of income. It is hardly a surprise given the sheer strength of La Liga and the tremendous success of Spanish teams in European competitions. The numbers speak for themselves as this niche has generated nearly $180 million in overall revenue in 2015.
If we are to look strictly at percentages, then the Internet slots market is the crown jewel of the gaming industry with a surge of 80%. It now stands at €67 million and is poised for growth in 2016, especially if more online casinos will enter the market by the end of the year.
Bad News for Poker and Bingo Fans
In this overly optimistic climate, it is worth mentioning the fact that poker revenue fell to less than €60 million and the bingo market dropped sharply. It now stands at €7.8 million, but with the sports book and casino revenue climbing to unprecedented highs, this dip went unnoticed.
There is still reason for optimism among poker players as Spanish authorities could open the doors and allow shared liquidity on Internet poker sites. In a format similar to the gaming compacts in the US, French and Spanish players could use the same poker rooms to play their favorite games. The French gaming regulator suggested an amendment that could make this a reality and ring-fenced sites from Italy and Portuguese could also tag along.