Spain records online gaming revenue jump in Q1
Spanish regulator Dirección General de Ordenación del Juego (DGOJ) has cited the popularity of sports betting in the country as the main reason behind a year-on-year jump in online gaming revenue during the first quarter of 2014.
The regulatory body reported gross gaming revenue of €67.9 million ($92.4 million) during the quarter, an increase of 9.2% on the amount generated during the corresponding period last year.
Spanish punters wagered a total of €1.6 billion during the period, which is a year-on-year increase of 16.1%.
The DGOJ also reported that January proved to be a record month in terms of amounts staked, with punters having gambled a total of €540.2 million during the month.
Sports betting proved to be the most popular form of gambling after punters spent €642.7 million wagering on sports, generating €37.6 million in revenue, 55.4% of total gross gaming revenue during the period.
Online poker also proved popular amongst Spanish gamblers, having generated €17.7 million in revenue, 26% of the total amount for Q1, while casino games were listed as the third most popular form of gambling with 13.1% of gross gaming revenue.
Bingo and contests were responsible for just 3.1% and 2.4% of gross gaming revenue, respectively.
Online gaming became regulated in Spain in June 2012.
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