Gambling in Spain

The gambling industry is a big business in Spain. According to a new report from the National Commission for Market and Competition, gambling and sports betting are the leaders in all other areas of electronic commerce.

Participation in gambling in Spain pays off. Some people don't think the legal gaming market is beneficial, but studies show that this isn't the case. Casino gambling and sports betting offer hundreds of thousands of people around the world entertainment and employment.

There are also direct economic benefits to gambling. At over $165 billion a year, the industry can't be neglected. In the case of Spain, it's crucial for growth, since it's the bulk of e-commerce.

Spanish gambling is a big deal.

According to the Spanish National Commission for Market and Competition (CNMC), the economic activities of gambling and betting in Spain are characteristic in further trade with e-commerce. That makes it much bigger than restaurants and shopping malls.

CNMC's report is based on data from the third quarter of last year. At this time, the country made 284 million transactions in the gaming sector. That's a 10% increase from last year's period. Gambling and betting rank at 6.9 percent at the top of sales. The restaurant followed at 6.5 percent close, while the department store ranked third with 6.2 percent.

The result is an increase in total sales in the eCommerce segment in Spain. Sales increased by 14.8 percent to 14.7 million euros (159.6 million euros).

This has also led to higher sales in e-commerce. In the same period of 2020, it rose 15.6% to EUR 4.9 million ($5.3 million).

Tourism is an important economic engine.

The highest sales were travel agencies and travel agencies with a 6.9 percent share of total sales. Clothes were at the top with just under 6.5 percent, followed by ancillary services for financial intermediaries (electronic markets that buy and sell stocks) with 5.5 percent in third place.

In terms of geographical segmentation, 44.6% of sales were expected to flow to Spain in the third quarter of 2021. The remaining 55.4% corresponds to foreign purchases from Spain.

As a result, Spain has a consumer product that the world market wants. The net foreign balance shows a deficit of 6.49 million euros.

After transactions, 35.1% of sales in Spain and 64.8% abroad. Sales of transactions that started in Spain and went abroad amounted to 81.4 million euros (8.84 million euros). That's 16.5% more than in the third quarter of 2020. 88.8% of these came from stores in the European Union, which were purchased in Spain abroad.

Spain's highest foreign sales are clothing (9.1%), auxiliary services for financial intermediaries (9.1%) and hotels and similar accommodations (5.5%).

Spain's foreign sales now amounted to 1.65 billion euros (1.79 billion U.S. dollars). That's an increase of 5.1 percent over the previous year.

The areas of activity in relation to tourism were also very important. The corporation, which includes travel agencies, air and land transportation, car rental and hotels, accounted for 55.2% of Spain's overseas purchases.

Gambling is still popular in Spain

An annual study shows that the Spaniards enjoy gambling. According to Statica, more than 80% of ordinary people participate in gambling every year between 2010 and 2020. In 2021 it was 80.9%, a slight decrease from 84.9% the previous year.

Despite the high prevalence of gambling, gambling is a state that is virtually unrecognizable. When the Spanish University of Carlos ill conducted a gambling survey in 2020, it found that less than 1% of the players in the problem gambling category could belong.

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