The Spanish online gambling sector has registered a massive increase in revenue in the last 5 years. According to a recent report released by GoldenCasinoNews.com, the online gambling market in Spain grew by over 270% since 2014.
Spanish Online Gambling Sector Continues Growing
The data provided by the report shows that e-commerce revenue from online sales of online gambling and betting services in Spain grew from €117.2 million ($128.97 million) in Q1 2014 to €439.1 million ($483.67 million) in the first quarter of 2019. This represents a massive increase of 274% in just five years.
The largest increase was experienced by the industry between the third and fourth quarters of 2017. At that time, the market grew by 32%.
It is worth mentioning that the whole sector has experienced a large growth considering the Eurozone economy has registered slow growth rates in the last few years.
On the matter, the report released by GoldenCasinoNews.com explains:
“Despite the slowdown in the Eurozone, revenues continue growing at very fast rates in the Spanish online gambling sector.”
With better regulations in the market, it would be possible for e-commerce revenue from online sales of online gambling and betting services to continue growing in the future. Investors, companies and all the parties involved in the space want to operate under clear rules and with a friendly framework.
Indeed, revenues could eventually surpass €500 million ($550 million) in the next few years if the trend continues.
The full story, statistics and information can be found here: https://goldencasinonews.com/blog/2019/11/14/spanish-online-gambling-sector-revenue-has-grown-247-over-the-last-5-years/