Spanish Gambling Profits Rise in the Second Quarter

Avatar photo By admin Jun28,2024

## Spanish Gambling Profits Rise in the Second Quarter – iGB

Spain’s gambling income in the second quarter hit €216 million (£184.7 million), a 3.4% jump from the same period last year.

**Casino earnings** made up the biggest chunk of the total income, with €99.9 million representing 46.3% of the overall figure. Casino earnings also climbed by 6.7% compared to the previous year and by 0.4% compared to the previous three-month period.

**Betting earnings** at €92 million made up 45.6% of the total income, up 35.0% from the previous year, while **poker earnings** at €20.3 million accounted for 9.4% of the total income.

**Total player deposits** reached €675.6 million, a 41.8% increase compared to 2020. **Player withdrawals** also saw a significant rise, climbing by 70.8% to €477.2 million.

**Marketing expenditures** totaled €128.4 million, down 13.4% from the first quarter of 2021. **Affiliate fees** amounted to €10 million, **promotional expenditures** to €49.2 million, and **advertising expenditures** to €61.6 million. An additional €7.6 million was spent on **sponsorships**.

There were an average of 991,196 **active gambling accounts** per month in the second quarter, a 54.2% increase from the previous year, with 231,167 new accounts added.

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By admin

This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.

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