Key Moments:
- Spain’s online gaming market reported a year-on-year GGR increase of 18.6% to €410.3 million in Q2 2025
- Online casinos and sports betting represented over 94% of total revenue, with €216.4 million and €171.4 million respectively
- Player deposits rose by 23.7% and withdrawals by 28.9%, while new registered accounts dropped by 11.6% compared to the previous quarter
Market Growth and Maturation
Gmonitor.ai has released its latest analysis of Spain’s regulated online gaming sector for the period from April to June 2025. The report, sourced from DGOJ data, highlights ongoing market consolidation, with gross gaming revenue (GGR) reaching €410.3 million, reflecting an 18.6% increase compared to the same period last year.
According to the findings, the Spanish market is advancing toward maturity, bolstered by technological advancements, evolving regulations, and stronger operator-user relationships.
Revenue Breakdown by Vertical
| Vertical | Revenue (€ Millions) | Share of Total Revenue |
|---|---|---|
| Online Casinos | 216.4 | Over 94% (with Sports Betting) |
| Sports Betting | 171.4 | Over 94% (with Online Casinos) |
Online casinos and sports betting remain the sector’s dominant segments, collectively contributing to more than 94% of industry revenue.
Changing Player Behavior and Market Indicators
The report examines how user activity is evolving within the market. There was a 23.7% rise in deposits and a 28.9% jump in player withdrawals, indicating higher liquidity and spending levels per active user. Despite this increased engagement, the number of new account registrations declined by 11.6% compared to the previous quarter, suggesting a shift in focus from new user acquisition to retention.
Insights and Future Opportunities
“The Spanish market has entered a phase where data, regulation and player loyalty define profitability. Gmonitor converts this information into a competitive advantage and lower costs for all players in the sector”, highlights the Gmonitor team.
In addition to detailed market and financial analysis, the publication addresses performance in sectors such as casinos, betting, poker, and bingo. It also discusses the regulatory landscape and outlines strategic directions for both the medium and long term. Interested parties can download the report and have the option to schedule a tailored demonstration of the platform, which allows users to create bespoke reports and explore in-depth, customized data relevant to their needs.
- Author
Daniel Williams
