Sports betting boosts Spanish economy

The Dirección General de Ordenación del Juego (DGOJ), the national authority on the gaming industry in Spain, has reported an increase in gross gaming revenue in the country, boosted sports betting income.

The official report also points out that the sports betting sector has fuelled the growth of the general economy in Spain as well. The gross gaming revenue in Spain achieved a growth of 2.33 per cent quarter-on-quarter during the second quarter of the year. In the three months through to the end of June, sports betting industry led the market, as usual, but with the boost of the Fifa World Cup among international players.

The DGOJ report also reveals that the second quarter of 2018’s gross gaming revenue was €167.2 million, which represents a year-on-year increase of 40.15 per cent and a marginal increase on the period, compared to the same quarter of 2017. The only sector that reported a decrease by 9.4 per cent quarter-on-quarter was online poker, which had gone through a significant growth in the previous months as the Spanish, Portuguese, Italian and French markets entered to an agreement of online poker shared liquidity.

Meanwhile, the sports betting sector reported an increase of 32.75 per cent in comparison with the previous quarter. This general growth represents an increase of 7.07 per cent quarter-on-quarter for the vertical and a 46.68 per cent year-on-year increase.

Source: focusgn.com