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
The online casino vertical remains the largest segment, generating €730.7 million (+17% YoY), with slot games accounting for €472.2 million alone. Live dealer games continue to gain traction, contributing €208.8 million, while traditional roulette lags at €24.9 million.
General de Ordenación del Juego
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.
