Spain Online Gambling Revenue Soars in Q2 2025

Spain Online Gambling Revenue Soars in Q2 2025

Online gambling in Spain saw strong growth in the second quarter of 2025, with multiple metrics showing double-digit increases. The market continues its upward trajectory, particularly in casino games and sports betting.

Key Figures

• Gross online gambling revenue (GGR) reached €410.3 million in Q2, up ~18.5% compared to the same period last year and ~2.8% more than Q1 2025.
• Total player deposits rose 23.7% year-on-year to about €1.35 billion. Withdrawals also grew ~28.9% to around €962.9 million.
• The number of new accounts opened jumped to 504,853, marking an 11.7% increase year-on-year, though slightly down from Q1.

Revenue by Segment

• Online Casino remains the largest contributor, generating ~€216.4 million (≈52.7% of the total market), with slot machines being the main growth driver (revenue from slots surged ~33.6%).
• Sports Betting also delivered strong growth: revenue rose ~18.2%, totaling ~€171.4 million (≈41.8% of market revenue).
• Other verticals such as poker and bingo saw declines: poker revenue dropped ~25.2%, bingo ~6.4%.

What’s Driving the Increase

• Strong performance in slots and pre-match sports betting.
• Increased marketing spend helped attract new players, with promotions and campaigns evidently paying off.
• Growing player activity and higher deposit amounts, reflecting both returning and new user engagement.

Things to Watch

• While new account numbers are up year-on-year, they slipped slightly quarter-on-quarter.
• Certain verticals like poker and bingo are under pressure and may need innovation or better incentives to recover.
• Rising regulatory costs or tighter rules could affect growth if not managed well.

Final Thoughts

Spain’s regulated iGaming landscape is clearly thriving right now. The combination of strong casino game performance, growing sports betting, and rising deposit/wagering activity suggests that operators are gaining momentum. For players and affiliates alike, this means more opportunities: more promotions, more games, and more competitive offerings.