Gross gaming revenue (GGR) in Spain rose 23.6% year-on-year to €304.3m (£261.2m/€332.3m) in the third quarter, although it was lower than in the second quarter.

The value in the third quarter of last year was well over 240.8 million euros. However, total sales fell 2.7% short of the 312.6 million euros achieved in Spain in the second quarter of this year.

Breaking down the figures for the third quarter, the casino was once again the main source of GGR in Spain. In the third quarter, casino revenues amounted to 160.3 million euros, an increase of 25.3% compared to the previous year and a share of 52.7% of the total market.

The live roulette sector saw the greatest growth with a GGR increase of 27.8%. There was also significant growth in the slot segment, with GGR increasing by 25.9%.

In terms of performance compared to the previous quarter, GGR increased by 11.5% in blackjack, 8.1% in slots and 5.4% in live roulette. However, GGR for traditional roulette fell 2.2% compared to the second quarter.

Sales from sports betting in the third quarter exceeded 113.0 million euros

Elsewhere, sports betting revenue rose 22.7% year-on-year to €113.5m, accounting for 37.3% of all GGR in the third quarter.

Pre-match betting GGR fell 31.7% compared to the second quarter and in-play betting fell 0.3%, while fixed odds betting GGR also fell 9.5%. However, revenue from other fixed-odds betting increased 46.1% compared to the second quarter.

Poker GGR was €26.8 million, up 22.0% compared to the third quarter of last year and 4.1% more than in the second quarter of 2023. GGR from poker tournaments was 31.1% higher than last year and 3.4% higher than in the second quarter, while poker cash GGR increased 2.1% year-on-year. year-over-year and 6.1% above the second quarter.

Bingo revenue fell 1.0% year-on-year to €3.6m, but was 2.9% higher than the second quarter. Additionally, GGR from competitions at €50,000 was 56.6% higher than last year, but 68.4% behind the second quarter.

Player deposits and marketing costs increased in the third quarter

Consumers in Spain deposited a total of 921.8 million euros in the third quarter, an increase of 11.9% compared to the previous year, but slightly less than in the second quarter.

Withdrawals amounted to 615.9 million euros, an increase of 8.1% year-on-year but 2.9% less than in the second quarter. It also found that 322,709 new accounts were opened in the third quarter, more than last year and the second quarter.

The monthly average of active gaming accounts was 1,082,743, up 10.6% year over year but 4.6% behind the second quarter.

In terms of operator expenses, marketing costs in the third quarter amounted to €93.3 million. That was 12.0% more than last year, but 4.9% less than total spending in the second quarter.

The main source of gambling marketing in Spain in the third quarter was promotions, with spending here amounting to 47.7 million euros. A further 33.2 million euros were spent on advertising and 11.6 million euros on affiliates.

It was also noted that 78 licensed operators were active in Spain in the third quarter. Of these, 50 casinos, 42 sports betting, nine poker, three bingo and two competitions are offered.