Despite a decline in the marketing budget by all Spanish online operators, the market has seen a further increase (year over year) over the first quarter of 2017. Despite the convincing results, it is important to note that, Activity decreased slightly compared to the fourth quarter of 2016 and that less than 20% of operators are able to generate profit. Sports betting still ahead of online casinos The Spanish market has more to offer than French because of the much more complete offer available.
The first quarter of 2017 showed once again that the market was dynamic with some 20% more than in the first quarter of 2016. Nevertheless, revenues were lower in the fourth quarter of 2016. All verticals on the market are doing well with sports betting ahead with €71.6 million in sales, which is 22% higher in Q1 2016.