Spanish gambling revenue reaches €304.3 million in the third quarter.

In Q3 Spain gambling revenue was €304.3m, down 2.7% from the previous quarter but up 23.6% YoY. Casinos led with €160.3m, up 25.3% YoY. Sports betting made €113.5m, a 22.7% increase. Poker revenue rose 22% to €26.8m.

Bingo fell 1% to €3.6m, but contests grew 56.6% to €50,000. Deposits were €921.8m (up 11.9% YoY), withdrawals €615.9m (up 8.1%).

There were 322,709 new accounts, with 1,082,743 active accounts (up 10.6% YoY, down 4.6% from Q2).

 

[CR7]

The latest figures on Spain's gambling revenue for the third quarter (Q3) show some interesting trends. The total gambling revenue for this period reached €304.3 million, which represents a decline of 2.7% compared to the previous quarter. However, when compared to the same period last year, revenue increased by a significant 23.6%.

Breaking down the revenue by sector, casinos emerged as the leading contributor, generating €160.3 million. This figure reflects a considerable year-on-year growth of 25.3%. Sports betting also experienced a notable increase, generating €113.5 million, which represents a 22.7% increase compared to the previous year. Poker revenue also saw a significant rise, reaching €26.8 million, reflecting a 22% increase.

On the other hand, the bingo sector experienced a slight decline of 1%, generating €3.6 million in revenue. Contest gambling, however, saw a substantial growth of 56.6% to reach €50,000.

In terms of financial activity, the total deposits during the quarter amounted to €921.8 million, marking an 11.9% year-on-year increase. Withdrawals also saw an increase of 8.1%, with a total of €615.9 million.

Looking at user accounts, there were 322,709 new accounts created during the quarter. The number of active accounts stood at 1,082,743, a 10.6% increase compared to the previous year. However, the number of active accounts declined by 4.6% compared to the second quarter.

Overall, these figures showcase the dynamic nature of Spain's gambling industry. While there was a slight decline in revenue compared to the previous quarter, the year-on-year growth demonstrates the industry's resilience and potential for expansion.