SPAIN: The GGR increases 17.65% compared to the previous quarter and 12.47% compared to the same quarter of 2019

In order to provide the most up-to-date information possible on the main variables of the national online gaming market, the DGOJ (Dirección General de Ordenación del Juego) has been publishing since June 2012 the so-called "Quarterly Reports". The report data is obtained from the information provided to the DGOJ quarterly by the authorized gaming operators.

In the first quarter of 2020, important innovations were introduced regarding the magnitudes of gross gaming margin (GGR) and promotion spending, in order to make the report more homogeneous.

Until 2019 the GGR was obtained directly from the operators. From the first quarter of 2020, the net gaming margin is calculated based on the basic magnitudes of participation, prizes, commissions and corresponding released bonuses.

QUARTER SUMMARY

The GGR for the quarter was € 217.97 million, representing an increase of 17.65% compared to the previous quarter and 12.47% compared to the same quarter of 2019.

Of the rest of the main figures, deposits and withdrawals of the players, their variation rates decrease with respect to the previous quarter -1.19% and -4.70% respectively. Marketing spending increased 2.85% from the previous quarter and new accounts experienced an increase from the same quarter of the previous year and a decrease from the previous quarter.

The betting segment has a growth rate compared to the previous quarter of 23.34% and 8.65% compared to the same quarter of the previous year. The variation is mainly due to conventional counterpart sports betting, which increased 45.42% and live 10.77% compared to the previous quarter.

Bingo has experienced a growth of 12.44% compared to the previous quarter and 14.69% compared to the same quarter of 2019.

In the casino segment, there has been growth of 8.27% compared to the fourth quarter of 2019 and an annual variation rate of 16.76%. This growth is mainly due to the behavior of conventional and live roulette with quarterly variations of 22.46% and 15.88% respectively. It also increases by 4.10% the gaming machines that since their production in 2015 have led to increasingly higher market shares of the casino (see Table 2).

The contests experienced in this quarter an increase of 208.23% and a 99.50% in annual variation rate. This segment shows an irregular behavior with annual variation rates in the first quarter of -37.83% in 2017; -80.20% in 2018; 368.97% in 2019.

Poker presents an increase of 20.76% compared to the previous quarter and 13.10% compared to the same quarter of the previous year in this first quarter of 2020. The increase is mainly due to tournament poker, which records a quarterly variation rate of 22.24%.

As a result of the analyzed movements, the percentage distribution of the GGR in the different segments in the first quarters of the period 2017 to 2020 is shown in Table 2.

Marketing spending in the quarter was € 118.24 million, with an annual growth of 28.34% and broken down into affiliation expenses € 10.29 million; sponsorship € 6.04 million; promotions 42.36; and advertising € 59.54 million. Compared to the previous quarter, this expense increased by 2.85% due to the increase in promotions by 8.63% and advertising by 1.23%. For the first time this quarter, the promotions are broken down into bonuses released in prizes € 20.03 million and not included in prizes € 22.34 million.

The monthly average of active gaming accounts is 911,218, which implies a growth of 0.19% compared to the same quarter of the previous year. The monthly average of new accounts is 289,340 users, with an annual increase of 5.63%.

Of the 80 licensed operators, during the first quarter of 2020 the following operators have had operations for each of the gaming segments:

Bets: 40

Bingo: 3

Casino: 43

Contests: 2

Poker: 9