Spain: Casino closes gap as online gambling revenues pass €850m

Spain: Casino closes gap as online gambling revenues pass €850m

Article brief provided by SBC News
  • Luke Massey, SBC News
May 6, 2021 1:00 AM
  • Luke Massey, SBC News

The online gambling market in Spain generated €850.7m in 2020, an increase of 13.7% on the previous year, as casino almost completely closed the gap on sports betting in the battle for largest market share.

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As revealed in the ‘Spain Betting Focus‘ report published by BtoBet, sports betting still came out with the highest gross gaming revenue (GGR), with a total of €365.14m or 42.92% share, but this represented a 3.48% year on year (YoY) decrease.

This was largely as a result of in-play sports betting and pre-match sports betting suffering 4.57% and 2.66% drops respectively due to the impact of Covid-19 on the sporting calendar.

Casino, meanwhile, recorded a 28.39% YoY surge to €350.8m in GGR, or 41.23% share of the market.