Spain GGR up 10.2% in Q1 2021

GGR for the quarter was €240.1m, which was also an increase of 3.8% on the previous quarter.

Player deposits and withdrawals were up 6.1% and 6.4% respectively over Q4 2020, while the number of new accounts registered monthly grew 7.9% over the same period to 422,533.

The total monthly average of active gaming accounts was 1.1m, an increase of 22.7% year-on-year.

Sports betting represented €110.3m, or 45.6% of the quarter’s GGR, down slightly on Q1 2020, when sports betting represented 50.4% of GGR, but up 6.5% on Q4 2020.

Casino accounted for 41.4% of GGR this quarter, at €99.5m, up 28.3% on the same period in 2020.

Poker was the next largest vertical, bringing in €25.0m, up 3.1% from the previous year, while bingo brought in €3.6m, down 2.4%.

Prize draws brought in a further €1.7m in GGR, down slightly from €1.9m in Q1 2020.

Marketing spend for the quarter stood at €148.4m, representing €71.5m in advertising, €56.0m in promotional costs, €12.4m in affiliate marketing and €8.5m in sponsorship.

Compared to the previous quarter, marketing spend was down 1.7% following a decrease in spending in all areas except for affiliate marketing, the cost of which increased by 1.2%.

Spain had a total of 80 licensed operators during the quarter, of which 51 offered casino gaming, 44 offered sports betting, nine offered poker, three bingo and two prize draws.