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Spain sees online gambling revenue soar

SBC News Spain sees online gambling revenue soar

Spanish gambling regulator, the Dirección General de Ordenación del Juego (DGOJ), has revealed that the country’s online gaming market experienced a 26% year-on-year increase in revenue in the 12 months through to December 31, 2015. spain

Gross gaming revenue for the full year totalled €319.6m (£248.7m), while turnover also increased 28% year-on-year to more than €8bn (£6.2bn).

Sports betting served as the main source of income for operators, generating a total of €179m (£139.2m) of the overall revenue figure and representing an increase of 49% on the previous year.

Poker revenue actually dropped to €59.8m (£46.5m), while bingo also fell to €7.8m (£6.07m) but the online slots market jumped a huge 80% to €67.5m (£52.1m).

The largely positive full-year results come after an impressive fourth quarter in the country, during which revenue hiked 40% year-on-year to €94.7m (£73.7m).

Sportsbook revenue came in at €53.5m (£41.6m) for the three months to December 31, with casino generating €22.6m (£17.5m), poker €14.5m (£11.2m) and bingo just €2.1m (£1.6m).

(This story originally featured on iGaming Business)