iGB Intelligence reports | Page 56

Chapter 2: Market overviews Despite the casino gains, the vertical has a long way to go to catch sports betting, which reported revenue up 46% to €49.4m in Q3. Online poker continued to struggle, with revenue falling 16% to €14.4m (tournaments down 7% to €7.35m; cash games down 24% to €7m). Bingo revenue declined 12% to €1.8m. Sports betting accounted for 46.6% of overall online gaming turnover and 58.7% of digital revenue. Casino reported 32.6% of turnover and 21.5% of revenue. Poker claimed 20% of turnover and 17.1% of revenue, while bingo accounted for less than 1% of turnover and 2.1% of revenue. The year-on-year gains are at least partly attributable to increased marketing. The DGOJ reported that operators spent nearly 200% more on bonus offers in Q3 while spending on “advertising, sponsorship and promotion” rose 42% to €18m. However, the market could see its forward momentum stall if the government follows through on its proposal to limit operators’ ability to promote their products on television and via sponsorships of Spanish sports teams. Top 10 Sports Betting Sites Offering Spanish Language, December 2015 Rank Sportsbooks Software Jurisdiction 1 Bet365 Sportsbook & Racebook Proprietary Gibraltar, Malta, United Kingdom 2 William Hill Sportsbook & Racebook 1X2gaming, OpenBet, Sporting Solutions Gibraltar, United Kingdom 3 Ladbrokes Sportsbook & Racebook 1X2gaming, Inspired Gaming, Playtech, VSoftCo Gibraltar, United Kingdom 4 Bet365 Sp