by Mateusz Mazur

DGOJ Reports Steady Growth in Gaming Revenue for Q4 2023

The Directorate General of Gambling Regulation (DGOJ) has unveiled the final gaming revenue figures for the fourth quarter of 2023, revealing a consistent upward trajectory in the industry’s financial performance.

With a total Gross Gaming Revenue (GGR) of €315.29 million, the sector witnessed a 3.63% increase from the previous quarter and a modest 0.55% growth year-on-year, indicating stable market dynamics.

Quarterly and Annual Financial Highlights

The detailed financial report highlighted several key metrics, including a notable rise in player deposits and withdrawals. Deposits surged by 12.45% quarter-on-quarter and 9.36% year-on-year, while withdrawals experienced a significant 19.34% increase from the previous quarter and a 5.25% growth from the previous year.

Marketing expenses also saw a substantial jump, rising by 20.91% quarter-on-quarter, with new customer registrations up by 20.11% in the same period.

Segment-Wise Revenue Distribution

The GGR was primarily driven by the casino segment, which accounted for 54.32% of the total revenue, followed by betting at 36.39%. The bingo, contests, and poker segments contributed to the remainder, with varying degrees of growth and contraction across each.

  • Betting: Despite a slight quarterly growth of 1.09%, the betting segment faced an 18.83% decline year-on-year, with mixed performance in pre-match and live betting.
  • Bingo: This segment showed resilience with a 5.35% increase quarter-on-quarter and a 5.96% rise year-on-year.
  • Casino: Marked by robust growth, the casino segment expanded by 6.87% over the quarter and an impressive 20.23% annually, with slots and live roulette being the standout performers.
  • Contests and Poker: While contests saw a significant annual surge, poker experienced declines both quarterly and annually, highlighting shifting player preferences.

Marketing Expenditure and Player Engagement

Marketing expenses totaled €112.97 million for the quarter, reflecting the industry’s efforts to attract and retain players. The breakdown included affiliate expenses, sponsorships, promotions, and advertising, each varying in terms of quarterly and annual growth rates.

The monthly average of active gaming accounts reached 1,269,585, marking a 17.26% increase quarter-on-quarter and a 6.76% rise year-on-year. However, new game account registrations saw a slight year-on-year decline of 2.31%, despite a 20.11% quarterly growth.

Our Comment on the Article

The DGOJ’s latest financial report for Q4 2023 highlights the resilience and adaptability of the Spanish gaming industry amidst evolving market conditions. The steady growth in GGR, coupled with significant increases in player deposits, withdrawals, and marketing investments, underscores the sector’s robust health and its critical role in the broader entertainment ecosystem.

As the industry continues to navigate regulatory changes and shifting consumer behaviors, such comprehensive data will be invaluable for stakeholders to make informed decisions and strategize for sustainable growth.

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