Spain’s GGR is released quarterly by Spain’s regulator, the Directorate General for the Regulation of Gambling (DGOJ).
The total GGR for the quarter was also down by 2.7% from the previous quarter.
Most of the revenue – €143.3m – was generated by the country’s casino segment, a rise of 29.1% yearly.
A total of €130.6m came from Spain’s betting segment – a significant increase of 100.1% compared to Q1 2022 – while €3.3m was attributed to bingo, marking a decline of 6.6%.
For poker, the total GGR was €27.3m, up by 24.9% yearly. But the most critical rise came from the contest revenue segment, which hit €250,000 – an increase of 730.4% year-on-year from €30,000 recorded in Q1 2022.
First quarter expenses
Marketing expenses for the first quarter totaled at €93.3m, down by 0.8% yearly.
This consisted of €50.1m in promotions, €30.0m in advertising, €11.8m in affiliation expenses and €1.2m in sponsorship.
Sponsorship expenses grew the most, increasing by 93.1% year-on-year. Advertising expenses, meanwhile, decreased the farthest – falling by 12.7%.
During the quarter, the total active monthly player accounts was 1,158,628, which implies an increase of 11.0% yearly. The number of licensed operators active throughout the quarter was 78.
Original article: https://igamingbusiness.com/finance/spanish-ggr-hikes-51-in-eventful-q1/
