Spain’s online gaming market is still strong, but not as strong as it previously was. Online gross gaming revenue fell slightly last year even as there was more online casino action recorded. The Spanish flag in front of Cibeles Palace in Madrid. The country’s iGaming industry is still strong, but lost steam in 2021. (Image: Getty Images) Spain has enjoyed solid performances from its online gaming operators each year. 2021, however, saw the industry slide a little from the previous year. This wasn’t a result of less spending, since operators received €2.77 billion (US$3.06 billion) from players throughout the year.
Instead, the drop in the online gaming industry’s gross gaming revenue (GGR) is more likely due to restrictions that are impacting the sports betting scene. For the first time, the online sports betting segment recorded less revenue than the online casino segment. Spain GGR Slips in 2021
Spain’s gaming regulator, DGOJ, just released its latest figures for online gaming. In 2021, the GGR was €815.30 million (US$901.64 million), 4.17% less than in the previous year. However, deposits and withdrawals continue their growing trend, increasing compared to 2020 by 21.64% and 34.91%, respectively.
In the analysis of the GGR by game segments, the online casino segment was the big winner for the first time. Its GGR was €407.14 million (US$450.21 million), accounting for 49.94% of all the online activity. There was €305.88 million (US$338.21 million) in sports betting (37.52%), €85.42 million (US$94.44 million) in poker (10.48%), €14.47 million (US$16 million) in bingo (1.78%) and €2.39 million (US$2.64 million) in contests (0.29%). Bingo declined in 2021 with an annual variation rate of -12.41%.
The betting segment had a decrease rate compared to the previous year of -16.23%. This was due primarily to conventional and live sports betting, which decreased in 2021 by 14.21% and 13.58%, respectively.
These two historically represent the vast majority of the betting market. In 2021, the market for “Other Counterpart Bets” also decreased by -69.93%, while horserace bets presented losses of €4.48 million (US$4.95 million).
In the casino segment, there has been growth in 2021, with an annual variation rate of 16.07%. […]
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