Online Casino Drives Spain’s €405M Gambling Growth

Spain’s regulated online gambling market maintained strong momentum in the third quarter of 2025, with online casino emerging as the clear driver of growth. According to figures released by the General Directorate for Gambling Regulation, total online gross gaming revenue reached €405.36 million for the three months to 30 September, representing a 16.49% year-on-year increase.

Online casino accounted for 56.98% of total market revenue, generating €230.97 million in GGR and posting growth of 22.93% compared to Q3 2024. Slot machines were the primary contributor, delivering a 27.78% annual increase, while live roulette also recorded quarterly gains. In contrast, conventional roulette and blackjack experienced modest declines, highlighting changing player preferences within the casino vertical.

Across the wider market, player deposits and withdrawals rose by 18.19% and 16.82% year-on-year respectively, indicating sustained engagement. Marketing expenditure reached €154.84 million, up 17.89% annually, with promotional spending and affiliate activity seeing notable increases. However, total marketing investment declined slightly compared to the previous quarter.

The betting segment accounted for 36.88% of total GGR and delivered mixed results. While year-on-year revenue increased by 10%, quarter-on-quarter performance declined, largely due to reduced conventional sports betting. Live betting, however, continued to expand, partially offsetting these declines. Bingo revenue fell both quarterly and annually, while poker recorded moderate growth.

Overall, the latest figures underline how online casino has become the dominant force within Spain’s regulated gambling market, shaping revenue trends and influencing operator investment strategies heading into 2026.