Spanish online gambling revenues jump in Q1

Spanish online gambling enjoyed a revenues jump in the first quarter of 2014 with online sports betting cited as the main contributor to the rise.

The Dirección General de Ordenación del Juego (DGOJ), which is responsible for overseeing online gambling in the country reported that gross gaming revenues hit €67.9 million during the first quarter, which represents an increase of 9.2% compared to the same period in 2013.

In total Spanish gamblers spent a total of €1.6 billion representing a rise of 16.1% from last year. January was said to be the stand out month with revenues totaling €540.2 million.

But sports betting were the star for the quarter with gamblers spending €642.7 million, that helped generate €37.6 million in revenues, 55.4% of total gross gaming revenue during the period.

Second in popularity was online poker generating €17.7 million in revenues that represented a total of 26% of the total revenue for the quarter, with online casino games coming in third in popularity with 13.1% of revenues accumulated.