Spain Online Gambling Market Overview, 2028

Spain Online Gambling Market Overview, 2028

Spain, the land of sun, sea, and the all-important siesta, has long been a popular tourist destination. Its laid-back culture extends to its gambling culture, with many land and online casinos operating largely unchecked and unregulated for years. The Spanish have an affinity for gambling. In Spain, football betting has always been a popular market, with La Liga attracting millions of viewers each week. Following Spain's victories in both the 2010 World Cup in South Africa and the 2012 European Championship in Poland and Ukraine, the sport received even more attention. BWIN, a licenced online sports betting company, has sponsored Real Madrid since 2008, and other football clubs are attempting to follow suit by attracting sponsorship from a variety of online gambling companies. Another popular gambling activity is the Spanish state-run Christmas lottery, which currently offers the world's largest lottery prize known as ""El Gordo,"" which pays out up to €2 billion in various prizes to thousands of winners each year.

According to the research report, “Spain Online Gambling Market Overview, 2028” published by Bonafide Research, the market is expected to grow at more than 13% CAGR from 2023 to 2028. Online gambling has long been a popular pastime for Spanish citizens. The state is proud of its thriving online gambling industry. Spain is one of the most avid gambling countries in the world. The market is divided into sports betting, casinos, poker, bingo, lottery, and other gaming types. Casinos have the largest market share of the Spanish online gambling market, followed by sports betting and lotteries. Online casinos are undeniably taking over online gambling in Spain and show no signs of slowing down. Despite constant changes in legislation, the government has remained pragmatic, and any changes made have been relatively light-handed. This allows operators to enjoy self-regulation and create rules that benefit their players. To entice players to play at online casinos, operators have offered incentives such as bonuses and promotional money. They also offer a variety of games, such as poker and slots, to meet the needs of different players. Furthermore, the fact that players can play online casino games from wherever and whenever they want makes them a popular choice. During the forecast period it is expected that the online poker is going to dominate market of Spain. In recent years, online poker tournaments have grown in popularity, with many players enjoying the thrill of competing for large cash prizes. Spanish players are no exception, and many online poker sites cater to them with a variety of tournaments and promotions. Spanish players have access to a diverse range of international poker sites, allowing them to compete against players from all over the world. This increases the excitement and challenge of online poker and can help attract and retain players.

According to the report, the market is divided into device types: mobile devices (phones and tablets) and desktop. Mobile devices are becoming increasingly popular for online gambling in Spain. Many online casinos now provide mobile apps and mobile-optimized websites that can be accessed via smartphones and tablets. This allows players to access their favourite games and betting markets from anywhere at any time by using their mobile device. According to recent studies, mobile devices account for more than half of all online gambling in Spain, with smartphones being the most popular. Several factors are driving this trend towards mobile gambling, including the convenience and accessibility of mobile devices, the development of mobile-friendly gambling products and features, and the increased availability of mobile gambling.

There are several events organized in Spain for the online gambling industry, which provide a platform for industry professionals to network, share knowledge and showcase new products and services. Feria Internacional del Juego (FIJ): FIJ is a trade fair for the gaming industry in Spain, including online gambling. The event is held annually in Madrid and brings together exhibitors and visitors from Spain and around the world. Expojoc: Expojoc is a gaming industry event that takes place in Valencia, Spain. The event focuses on land-based gaming but also includes a significant online gambling presence. EiG (Excellence in iGaming): EiG is a large international event that brings together professionals from the online gambling industry. Although it is not exclusively focused on the Spanish market, it attracts a significant number of Spanish operators and suppliers. The European iGaming Congress and Expo (EiG): EiG is a conference and exhibition that focuses on the online gambling industry in Europe. It attracts a wide range of industry professionals, including operators, suppliers, and regulators, and provides a platform for networking and learning. iGB Live: iGB Live is another international event that brings together professionals from the online gambling industry. It includes a conference program, exhibition, and networking events.

Recent Developments:
• Betway: In 2021, Betway signed a multi-year partnership with the Spanish top-flight soccer league, La Liga, to become the league's official sports betting partner. This deal includes branding opportunities, promotional activities, and social media campaigns.
• Bet365: In 2020, Bet365 launched a new live dealer casino in Spain, offering players a range of popular games such as blackjack, roulette, and baccarat.
• PokerStars: In 2020, PokerStars launched a new virtual reality poker experience in Spain called PokerStars VR. This new product allows players to create their avatars and interact with other players in a virtual poker room.
• 888 Holdings: In 2021, 888 Holdings signed a new agreement with the Spanish National Basketball Association (ACB) to become the league's official sports betting partner. The deal includes branding opportunities and promotional activities.
• Codere: In 2020, Codere announced a new partnership with the Spanish sports media company, Mediapro, to launch a new online sports betting platform in Spain. The platform will offer a range of sports betting options, including live in-play betting.
• William Hill: In 2021, William Hill launched a new online casino product in Spain, featuring a range of popular games such as slots, roulette, and blackjack. The new product is designed to appeal to Spanish players and includes a range of localized features.

Considered in this report
• Geography: Spain
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Spain Online Gambling market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Game Type:
• Sports Betting
• Casinos
• Poker
• Bingo
• Lottery
• Others

By Distribution Channel:
• Mobile Devices (Phones and Tablets)
• Desktop

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Online Gambling industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.