Online Gambling - Spain

Spain

Revenue in the Online Gambling market is projected to reach €1.83bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.53%, resulting in a projected market volume of €2.27bn by 2028.
The Online Sports Betting market has a projected market volume of €0.87bn in 2024.
In global comparison, most revenue will be generated in the United States (€21,360.00m in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to €0.64k in 2024.
In the Online Gambling market, the number of users is expected to amount to 3.4m users by 2028.
User penetration in the Online Gambling market will be at 6.2% in 2024.

Key regions: United States, Asia, Japan, Germany, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Online Gambling market in Spain has been experiencing significant growth in recent years.

Customer preferences: The Spanish population has shown a growing interest in online gambling, with an increasing number of people choosing to gamble online instead of visiting traditional brick-and-mortar casinos. This shift in customer preferences can be attributed to several factors. Firstly, online gambling offers convenience and accessibility, allowing players to gamble from the comfort of their own homes or on the go using mobile devices. Secondly, the wide variety of online gambling options available allows customers to choose from a range of games and betting options. Lastly, the introduction of live dealer games has provided a more immersive and interactive gambling experience, attracting a larger customer base.

Trends in the market: One of the key trends in the online gambling market in Spain is the increasing popularity of sports betting. Sports betting has become a favorite pastime for many Spaniards, with a significant portion of online gambling revenue coming from this sector. The availability of online platforms that offer a wide range of sports and betting options has contributed to the growth of this market segment. Another trend in the market is the rise of online casinos. Online casinos offer a wide variety of games, including slots, poker, blackjack, and roulette, providing customers with a diverse and entertaining gambling experience. The convenience and accessibility of online casinos have attracted a large number of players who prefer the flexibility of being able to gamble whenever and wherever they want.

Local special circumstances: One of the factors contributing to the growth of the online gambling market in Spain is the country's well-established gambling culture. Spain has a long history of gambling, with a tradition of national lotteries and a strong presence of land-based casinos. This cultural acceptance of gambling has translated into a favorable environment for online gambling, with Spaniards being more open to trying out new forms of gambling. Additionally, the Spanish government has implemented regulations and licensing requirements for online gambling operators. This has helped to create a safer and more secure online gambling environment, increasing consumer confidence and attracting more players to the market.

Underlying macroeconomic factors: The growth of the online gambling market in Spain can also be attributed to underlying macroeconomic factors. Spain has experienced steady economic growth in recent years, with an increase in disposable income for many individuals. This has allowed more people to participate in online gambling activities and spend money on leisure activities. Furthermore, the increasing penetration of smartphones and internet access has made it easier for people to engage in online gambling. The widespread availability of mobile devices and high-speed internet connections has contributed to the growth of the online gambling market, as it allows for seamless and convenient access to online gambling platforms. In conclusion, the online gambling market in Spain is experiencing significant growth due to changing customer preferences, including the shift towards online gambling and the popularity of sports betting and online casinos. The country's well-established gambling culture, government regulations, and favorable macroeconomic factors have also contributed to the market's development.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.