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   Monday, June 24 2024 
A slight decrease in revenue for online poker during Q2 2014 - Spain

Spain’s online poker market is also hit by the crisis that suffocates European gambling sector. However, that of Spain is holding up a little better than its counterparts. The DGOJ (La Dirección General de Juego del Ordenación), the Spanish gambling regulatory authority, recently released figures relating the country’s online gambling revenue for the second quarter of 2014. Like in the other European countries where online poker market is fragmented, Spain wrapped the second quarter up with a slight revenue drop, particularly in cash game. Indeed, the budget cut allocated to the market’s advertising is among the reasons of the revenue drop: volume of bets and the gross gaming revenue (GGR) are all plummeted. Statistically speaking, Spain’s online poker market withstands the downturn better than France and Italy. Actually, Spain online gambling market gradually loses ground while France has already been in the red for a couple of quarters now.

Figures released by the DGOJ suggested that the gross gaming revenue from Spain-based poker sites dropped by 6% a year on year to € 15.39 million, the € 10.14 million of which (65.89%) is from cash game and € 5.25 million (34.11%) from buy-ins garnered on live tournaments. Volume of bets is down 5%: that of cash game shrinks to 7.08% while the volume of entrance-fees in poker tournaments boasts itself with 2.37% of increase. For its part, France endorsed a GGR decline of about 8.4% and its volume of bets plummeted to7%. Note that poker represents 1/3 of revenue of the Spanish gambling operators with 23% from casino games and 43% from sports betting.

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