Part 1: Spain – the state gives with one hand…
encourage some more names to enter the market.
Chart 1: Spanish online breakdown 2Q18 GGY (€m)
But any market entry decision is complex and
tax is just one factor alongside others, including
Other
2.6
market opportunity and size. Still, the current
total of 54 operator and supplier licensees is
Sports-betting
85.3
Bingo
3.3
likely to be augmented, while we might also see
further investment in the market from the current
participants.
Van Oort believes that there will be 10-plus new
entrants, including some “strong… international
Total
167.1
operators”.
“The market will grow organically, the dotcom
GGR will be onboarded partially and competition
will increase,” he says. “I think it’s an interesting
place to be for the years to come.”
… and it takes with the other
It is not unalloyed good news in Spain, however.
Poker
19.4
Casino
56.5
Advertising and marketing practices have been in
the political spotlight in Spain as they have in the UK
Source: DGOJ
Table 2: Quarter-on-quarter progression by product (€m)
Product Q117 Q217 Q317 Q417 Q118 Q218
Sports betting 68.4 57.9 74.2 101.4 79.7 85.4
Casino 35.9 41.2 43.8 49.4 56.5 56.5
Poker 15.2 14.4 14.7 15.5 21.5 19.4
Bingo 2.8 2.8 2.8 3.3 3.5 3.3
Other 3.4 3.4 4.8 3.8 2.4 2.6
Total 125.7 119.7 140.3 173.4 163.6 167.2
Source: DGOJ
Table 3: Quarter-on-quarter growth rates, all products
GGY
QoQ growth
QoQ % growth
Q117 Q217 Q317 Q417 Q118 Q218
125.7 119.7 140.3 173.4 163.6 167.2
-6 20.6 33.1 -9.8 3.6
-4.8 17.2 23.6 -5.7 2.2
Source: xxxxxxx
iGaming Business Market Monitor • December 2018
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