Spain’s Online Gambling Market Smashes Records in 2024 with €1.45 Billion Revenue

Madrid, July 2024 – Spain’s regulated online gambling sector has reached unprecedented heights, posting a staggering €1.45 billion in Gross Gaming Revenue (GGR) for the first half of 2024.

According to the latest report from the Dirección General de Ordenación del Juego (DGOJ), this marks a 17.6% year-over-year surge, cementing the country’s position as one of Europe’s fastest-growing iGaming markets.

Market Overview: Casino Dominates, But Betting Grows Faster

Poker Declines, Bingo Surges

While most segments flourished, poker saw a 5% decline (€100.1 million), possibly due to shifting player preferences toward casino and live betting. Meanwhile, online bingo experienced a 23.8% boost, hitting €14.9 million.

User Engagement Hits All-Time High

The report reveals a 26% increase in active accounts, totaling 3.8 million in 2024. Monthly active players reached 1.9 million (+21.7%), with operators attracting 151,898 new accounts per month (+34.7%).

Deposits and withdrawals also surged:

Total deposits: €4.58 billion (+19.6%)

Total withdrawals: €3.15 billion (+19.7%)

Marketing Wars Heat Up

Operators invested €526.3 million in marketing (+30.4%), with €261.5 million allocated to bonuses and promotions—indicating fierce competition for new players. The remaining spending went toward advertising, affiliate deals, and sponsorships.

What’s Driving the Growth?

Regulated Market Stability: Spain’s strict but fair licensing system ensures operator compliance while protecting players.

Live Betting & Casino Boom: The demand for real-time gaming experiences continues to rise.

Aggressive Promotions: Welcome bonuses and loyalty programs are pulling in more users.

Future Outlook

With these record-breaking numbers, Spain’s online gambling industry shows no signs of slowing down. Analysts predict €3 billion+ in annual GGR by 2025 if growth continues at this pace.