Spain’s online gambling industry maintained strong momentum through the third quarter of 2025, with revenue, player activity, and marketing spending all showing notable year-on-year growth.
Figures released by the General Directorate for Gambling Regulation (DGOJ) highlight how digital betting and casino platforms continue to expand their footprint in one of Europe’s most closely regulated markets.
For the three months ending 30 September 2025, gross gaming revenue across Spain’s online gambling sector reached €405.36 million.
That represented a 16.49% increase compared with the same period in 2024, even though revenue slipped slightly from the second quarter of 2025.
Player activity remains resilient
Customer engagement continued to strengthen during the quarter, with both deposits and withdrawals rising sharply on an annual basis.
Player deposits were up 18.19% year on year, while withdrawals climbed by 16.82% over the same period.
Quarter-on-quarter trends were more subdued, with deposits edging higher by just 0.03% and withdrawals increasing by 2.7%.
The data suggests that while growth remains solid, the market may be settling into a more mature phase after rapid expansion earlier in the year.
New account registrations also followed this pattern, rising 16.82% compared with a year earlier but slipping 2.7% from the previous quarter.
Marketing spend surges despite quarterly dip
Marketing expenditure remained a key driver of competition among licensed operators, with total spending reaching €154.84 million during the quarter.
That figure marked a 17.89% increase year on year, underlining how operators continue to invest heavily in customer acquisition and retention.
However, marketing outlays declined by 6% compared with the second quarter, reflecting a more cautious approach following earlier peaks.
Promotional spending was the standout category, jumping 23.47% year on year to €82.03 million.
Of this total, €28.57 million was distributed as bonus funds released as prizes, while €53.46 million related to promotions not tied directly to prize pools.
Affiliate marketing also expanded significantly, with spending rising 19.77% to €15.86 million.
Traditional advertising grew at a slower pace, increasing by 8.42% to €54.65 million.
Online casino dominates revenue mix
Casino gaming remained the backbone of Spain’s online gambling market, accounting for 56.98% of total gross gaming revenue.
Casino GGR reached €230.97 million during the quarter, representing a 22.93% increase compared with the third quarter of 2024.
Slot machines were the primary growth engine within the casino segment, recording a year-on-year rise of 27.78%.
Compared with the previous quarter, slot revenue climbed by 8.54%, while live roulette revenue increased by 4.2%.
Not all casino products shared in the growth, with conventional roulette declining by 8% and blackjack falling by 3.22% quarter on quarter.
Mixed performance in betting and other segments
Sports betting and related products made up 36.88% of the overall market, delivering a more uneven performance.
The segment posted a 10% increase compared with the same quarter last year but fell by 13.02% from the second quarter of 2025.
Conventional fixed-odds sports betting dropped sharply, declining by 42.98% quarter on quarter.
In contrast, live betting continued to gain traction, rising 32.82% over the same period.
Other fixed-odds betting grew by 23.85%, while fixed-odds horse racing betting slipped by 9.07%.
Bingo experienced continued pressure, falling 5.92% from the previous quarter and declining 13.48% year on year.
Poker, although representing just 5.36% of the market, delivered positive momentum with growth of 13.59% quarter on quarter and 5.8% compared with a year earlier.
