Any newly regulated online gambling market takes time to mature and reach its potential and Spain provides a good example.
Since the market was opened up in May 2011, the gross gaming revenue (GGR) figure for the market as a whole has steadily climbed from a total of €115.4m in 2012 to an iNTERGAMINGi estimate of at least €525m for 2017. Despite a reasonably high gross gaming tax rate of 25 per cent, the amount of revenue now being generated by the market as a whole makes it more attractive as a target market for more global gambling operators who may be attracted to apply for the new licensing round announced in December. The new process is the third since the newly regulated market was originally opened in 2011. Crucially, unlike the previous two procedures where the window for new licensees to lodge their applications was open for only 30 days, this one lasts for a year.
