The Directorate General for Gambling Regulation in Spain has reported a significant increase in gross gaming revenue (GGR) for the first quarter of the year.
Compared to the same period of the last year, this growth exceeds 15%. It totals to 350.69 million euros. This increase demonstrates the resilience and continued growth of the gambling market in Spain.
Although showing a decline compared to the last quarter, Casino gaming revenue showed a significant improvement compared to the first quarter of last year, with an increase of just over 17%.
The Spanish authority has reported €350.69 million in the first quarter. It marks an increase of 11.23% compared to €315.29 million in the fourth quarter of last year and an improvement of 15.14%.
Deposits in the quarter have reached €1.09 billion. This marks an increase of 5.61% compared to the last quarter and 15.85% in annual terms. Withdrawals totaled 739.96 million euros, an increase of 0.72% compared to the previous quarter and 13.9% compared to the same period in 2023.
Reflecting a 15.21% increase from the last quarter and an impressive 33.64% year-on-year growth, new accounts reached 446,856.
Compared to the last quarter and 14.58% in annual terms, the monthly average of active gaming accounts was 1,327,575. This is an increase of 4.57%.
Casino operations had the largest share with 47.68% or 167.76 million euros of the revenue of 350.69 million euros. Shortly after, bets represented 42.85% of the total. It reaches 150.28 million euros.
Poker contributed 8.11%. This is equivalent to 28.45 million euros. This is while bingo represented 1.19%. It totals 4.19 million euros. In turn, the competitions had a minimum participation of 2,000 euros.
The Spanish gaming market in the first quarter had 78 licensed operators. They were distributed between casino (50), betting (41), poker (9), bingo (4), and contests (2).
