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Spanish GGR hikes 51% in eventful Q1

| By Marese O'Hagan
Spanish gross gaming revenue (GGR) was €304.9m for the first quarter of 2023, a rise of 51% year-on-year propped up by increased revenues across the board.
Spain revenue Q3

Spain’s GGR is released quarterly by Spain’s regulator, the Directorate General for the Regulation of Gambling (DGOJ).

The total GGR for the quarter was also down by 2.7% from the previous quarter.

Most of the revenue – €143.3m – was generated by the country’s casino segment, a rise of 29.1% yearly.

A total of €130.6m came from Spain’s betting segment – a significant increase of 100.1% compared to Q1 2022 – while €3.3m was attributed to bingo, marking a decline of 6.6%.

For poker, the total GGR was €27.3m, up by 24.9% yearly. But the most critical rise came from the contest revenue segment, which hit €250,000 – an increase of 730.4% year-on-year from €30,000 recorded in Q1 2022.

First quarter expenses

Marketing expenses for the first quarter totalled €93.3m, down by 0.8% yearly.

This consisted of €50.1m in promotions, €30.0m in advertising, €11.8m in affiliation expenses and €1.2m in sponsorship.

Sponsorship expenses grew the most, increasing by 93.1% year-on-year. Advertising expenses, meanwhile, decreased the furthest, falling by 12.7%.

During the quarter, the total active monthly player accounts was 1,158,628, implying an increase of 11.0% yearly. The number of licensed operators active throughout the quarter was 78.

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