Spain’s betting regulator Directorate General for Gambling Regulation reported a Q3 online gross gaming revenue (GGR) of €348.1 million ($366.5 million), a rise of 14.4% year-on-year.
The Q3 betting GGR was also slightly up (0.5%) on Q2’s figure of €346.3 million, with operators continuing to benefit from the Supreme Court’s decision back in April to lift some marketing restrictions, including bans on celebrity advertising and welcome bonuses.
The rise in GGR was aided by increased deposits and withdrawals, which grew 23.9% and 30.3% respectively compared to Q3 2023, while operators took advantage of the relaxed ad restrictions by increasing marketing expenditure 9.7% quarter-over-quarter to €131.7 million. There were 1.7% more new accounts compared to Q2.