It seems that the Spanish Gambling GDP is set to continue rising in all sectors, especially in online gambling which has doubled in the past year.
Spanish Gambling GDP
A shake up of Spanish gambling laws during 2011 continues to stimulate growth in the the Spanish gambling industry. Last year, gambling GDP equated to 3% of the total Spanish GDP. (Gross Domestic Product)
A report prepared by the CODERE Foundation last week states that land based gambling spending in Spain last year was 25.5 billion Euros. That was an increase of 6% over the figures for 2014.
Perhaps more surprising is that spending on licensed online gambling websites increased to 8.56 million Euros. The figure last year was 4.2 billion Euros so effectively it doubled in a year. Sports betting accounted for 41.3% of the total and 78% of that was generated from online betting.