Online Gambling

Spain

Highlights

Revenue in the Online Gambling market is projected to reach US$1.97bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.94%, resulting in a projected market volume of US$2.51bn by 2029.
The Online Sports Betting market has a projected market volume of US$940.80m in 2024.
In global comparison, most revenue will be generated United States (US$24.98bn in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$601.70 in 2024.
In the Online Gambling market, the number of users is expected to amount to 4.0m users by 2029.
User penetration in the Online Gambling market will be at 6.9% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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.

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.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.