Spain Q1 revenues up 28% on poker liquidity launch
Poker revenues shot up 42% on the previous year following the launch of shared liquidity pools with France
Spain’s online gambling market grew 28% year-on-year to €163.3m with sports betting accounting for over half of overall GGR in Q1 2018.
In-play bets made up 62.5% of Spain’s Q1 sportsbook revenues of €81.7m, which were up 16% on the previous year.
According to new figures from the Spanish regulator (DGOJ), poker revenues jumped 42% year-on-year to €21.5m on the launch of shared liquidity pools between Spain and France.
PokerStars’ French subsidiary was the first operator to be granted a licence to offer shared liquidity in December 2017.
Spain’s casino revenues shot up 51% to €56.6m, with 53% of revenues coming from slots game, which were legalised back in 2014 following a two year discussion.
Marketing spend among Spain-facing operators was up 36% to €76.3m during the quarter.
Elsewhere, online bingo grew 30% to €3.5m. UK-operator Rank moved expand its online bingo offering in the market last month with the acquisition of Spanish site Yo Bingo.