Spain’s regulated online gambling market contracted in Q2 as all verticals except casino suffered revenue declines.
According to figures released by the Dirección General de Ordenación del Juego (DGOJ), Spanish-licensed online gambling operator revenue fell 6.3% year-on-year to €66.7m in the three months ending June 30 despite a 29% gain in gambling turnover.
The dominant sports betting vertical saw stakes rise 51% to €1.01b but punter-friendly results pushed sports revenue down 2.3% to €31.1m. Pre-match wagering revenue was down 3.8% and its share of the total sports pie fell to 25.3%. Live betting’s share rose to 71.7% (€22.3m) while horseracing contributed a mere 2.7%.
Poker’s popularity continued to erode, with revenue down 6.6% to €14.4m. While tournament revenue improved 35% to €7.1m, cash games fell 28% to €7.3m. Bingo mirrored poker’s decline, falling to €1.85m while the ‘contests’ segment fell 11.7% to just €800k.