Spanish Q3 online revenues up 37%

Gross gaming revenue rises more than a third for Q3 despite fall in ad spend

Spain’s has reported a 37% rise in Q3 revenues despite a 3% decline in advertising spend, according to new figures from the Dirección General de Ordenación del Juego (DGOJ). Locally-licensed online gambling operators generated a combined revenue of €140.5m in the three months ending September 30, up 16.63% on Q2. Sports betting accounted for 54.8%…

Finance | Regulation | Spain