The Spanish know how to gamble. Spanish people bet on almost anything: bingo, slots, football, horse racing and lotteries. They bet a high proportion of their income, higher than any other nation. The amount per year per head is around 480 euro. Around 15 percent of the average house income. Some research even says that they spent 10 times more on gambling as the spent on insurance. You can almost say that gambling is a national obsession.
“El Gordo” national lottery
Lotteries are the most popular in Spain. Every year around Christmas Spain has the biggest lottery of the world the “El Gordo.” This lottery consists 108 series of 66.000 tickets. The total amount that is wagered at he “El Gordo” is over 1,7 billion euros!
But not only lotteries are popular, Bingo is popular for ages.
Gambling was legalized in 1977. First only skill games were legalized. In 1981 games of pure chance, such as Slots and Bingo, became also legal. After that Bingo became very popular among locals. Hundred of halls opened throughout the country.
Because of the new country-wide smoking law the Bingo market has suffered a recent drop in attendance. Online gambling in online casinos is also legal in Spain. So the Spanish have discovered online Bingo. Online Bingo operators noticed a growth of 24%!
Online gambling is rising
Different companies describe the online gambling market as potentially fastest growing market. Online gambling companies sponsor many of Spain’s soccer teams. So Spain is a market to monitor!