iGB Intelligence reports iGB Market Monitor December 2017 | Page 16

Part 3: Spain – an expanded market can be seen, the total number of active players of Regulus Partners suggests that a doubling or drops significantly in the summer months before tripling of the market over the next three to five bouncing back come the start of the football years “does not stretch infrastructure, consumers season in September. or credibility.” Taxing times Chart 5: Spanish online product splits, Q317 The interest in the market comes despite its being a relatively highly taxed jurisdiction with an effective top tax rate of 28%. What will have come as music to the ears of current and prospective licensees were comments made at Other 3% Bingo 2% Fixed-Odds Sports Betting 53% a gambling conference in Madrid in October by Juan Espinosa García, director general of the DGOJ, that a review of the taxation regime is in the offing. The move was also signalled in the new licenses tender document, which suggested that any Casino Games 31% new applicants could make a decision about whether to apply “both in the current context of the gaming market as well as that of the medium term as a result of possible new regulations.” The current growth momentum should Poker 11% continue in the medium term and the potential for both lower taxes and more licensees might see the rate of growth increase further. Leyland iGaming Business Market Monitor • December 2017 Source: The Directorate General for the Regulation of Gambling (DGOJ) 13