Online Gambling Revenues Up 19 Percent In Spain

FIFA World cup betting boosts the numbers

Q3-2014 numbers released by Spanish regulator the Dirección General de Ordenación del Juego, show that the FIFA World Cup football gave Spanish online sports betting revenues a boost in the quarter.

Overall online gambling revenues reached Euro 62 million, a year-on-year rise of 19 percent, and Euro 2.8 million better than Q2-2014, which was already an impressive quarter.

With a 35 percent y-o-y rise in revenues, online sports betting was the top performer at Euro 33.7 million on turnover that topped Euro 708 million, with bet365 the biggest winner, contributing over 50 percent of all sports betting revenues.

Online poker showed a 9 percent improvement year-on-year at Euro 17.2 million on turnover of Euro 528 million. Total tournament wagers were up 39 percent, although cash game wagers declined 11 percent. The Spanish facing sites of Pokerstars and 888 accounted for the lion's share of poker action, contributing 90 percent of the revenues.

Revenues from online casino activity did less well, up just 5 percent y-o-y at Euro 8.5 million, but down 7 percent on Q2-2014 as the market awaited government approval for slot action to influence the numbers going forward.

Online Casino News Courtesy of Infopowa

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