Gross Gaming Revenue in Spain up by almost 20% in Q3 2022

Gross Gaming Revenue in Spain increased by almost 20% in the third quarter of 2022,

The figures, released at the end of the year, show that the sector registered a GGR of €240.83m, representing an increase of 18% when compared to the previous quarter and by 31% when compared to the same quarter in 2021. Player deposits increased by 26.72% and withdrawals increased by 24.85% when compared to the previous year. When compared with the previous quarters. Deposits increased by 4.6% and withdrawals decreased by 8.7%. Marketing expenditure increased by 7.79%, when compared to the previous quarter. On the other hand, new accounts decreased by 4.01% The €240m GGR was split as follows: €89.04m in Bets; €3.68m in Bingo; €127.95m in Casino (53.13%), €0.03m in Contests (0.01%) and €20.14m in Poker.

GGR data by sector

By sector, the data shows that the Betting segment grew by 46.20% when compared to the previous quarter, and by 48.61% when compared to the same quarter of 2021. There was a 9.63% increase in Bingo, when compared to the previous quarter. When compared to the same quarter of 2021, the increase was of 4.64%. The Casino segment saw a growth of 9.22% when compared to Q2 of 2022 but, when compared to the same quarter of 2021, growth stood at 27.55%. During the third quarter of 2022, bankruptcies increased by 215.95%, but there was a decrease of 72.10% when compared to a year earlier. The Poker segment experienced a decrease of 10.64% when compared to the previous quarter, and an increase of 2.83% when compared to Q3 of 2021.

€96m spent on marketing

The marketing spend in Q3 2022 was €96.31 million. This can be broken down into: €10.34m on affiliation expenses, 1.78m on sponsorships, 41.47m on promotions, and 42.73m on advertising. The monthly average of active gaming accounts, standing at 999,322, signified a marginal decrease of 0.07% over the previous quarter but an increase of 9.18% when compared to the same quarter in 2021.