Market Insights Digital eServices Online Gambling

Online Casinos - Spain

Spain

Revenue in the Online Casinos market is projected to reach €0.74bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.31%, resulting in a projected market volume of €0.91bn by 2028.
In the Online Casinos market, the number of users is expected to amount to 1.4m users by 2028.
User penetration will be 2.9% in 2024 and is expected to hit 3.0% by 2028.
The average revenue per user (ARPU) is expected to amount to €0.54k.
In global comparison, most revenue will be generated in the United States (€7,090.00m in 2024).
With a projected rate of 35.7%, the user penetration in the Online Casinos market is highest in Canada.

Key regions: Japan, South Korea, United States, India, Europe

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Online Casinos market in Spain has experienced significant growth in recent years, driven by changing customer preferences and favorable local circumstances.

Customer preferences: Spanish consumers have shown a growing interest in online gambling and casino games, leading to an increase in demand for online casinos. This can be attributed to several factors, including the convenience and accessibility of online gambling platforms, the availability of a wide range of games, and the potential for substantial winnings. Additionally, the younger generation in Spain, who are more tech-savvy and comfortable with online transactions, are increasingly drawn to online casinos as a form of entertainment.

Trends in the market: One of the key trends in the Spanish online casino market is the shift towards mobile gambling. With the widespread adoption of smartphones and improved internet connectivity, more and more players are opting to play casino games on their mobile devices. This trend is expected to continue as mobile technology continues to advance and online casinos optimize their platforms for mobile users. Another trend in the market is the increasing popularity of live dealer games. These games provide a more immersive and interactive experience for players, as they can interact with real dealers and other players in real-time. The live dealer segment of the online casino market is expected to grow as players seek a more authentic casino experience from the comfort of their own homes.

Local special circumstances: Spain has a well-regulated online gambling market, which has contributed to the growth of the online casino industry. The Spanish government introduced legislation in 2011 to regulate online gambling, ensuring that operators are licensed and adhere to strict regulations. This has created a safe and secure environment for players, which has boosted consumer confidence and encouraged more people to try online casinos. Furthermore, Spain has a strong gambling culture, with a long history of land-based casinos. This familiarity with gambling has translated into a willingness to try online casinos, as players are already familiar with the concept and enjoy the thrill of playing casino games.

Underlying macroeconomic factors: The Spanish economy has been steadily recovering from the global financial crisis, which has had a positive impact on the online casino market. As disposable incomes increase and consumer confidence improves, more people are willing to spend money on leisure activities such as online gambling. Additionally, the tourism industry in Spain plays a significant role in driving the online casino market. Spain is a popular tourist destination, attracting millions of visitors each year. Many of these tourists are interested in gambling and may continue to play online casino games when they return to their home countries, further contributing to the growth of the market. In conclusion, the Online Casinos market in Spain has experienced growth due to changing customer preferences, including a shift towards mobile gambling and the popularity of live dealer games. Favorable local circumstances, such as a well-regulated gambling market and a strong gambling culture, have also contributed to this growth. Furthermore, underlying macroeconomic factors, including the recovering economy and the tourism industry, have provided a favorable environment for the online casino market to thrive.

Methodology

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. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.