Spanish GGR Down 50% Year-On-Year During 2020

Gambling income in Spain has declined by 50 percent year-on-year, according to an annual study on gaming published by the industry association Cejuego with the University of Carlos III of Madrid.

The report shows that for the period up to the end of October, total revenue for all goods and platforms was EUR 4.35bn, down 50 percent compared to the same ten months in 2019.

Private companies have generated EUR 2.45 billion of the revenues recorded so far this year, while the state-owned Organización Nacional de Ciegos Españoles (ONCE and Sociedad Estatal Loterías y Apuestas del Estado (SELAE) have generated EUR 1.9 billion.

Alejandro Landaluce, CEO of Cejuegos, said: “Despite the fact the drop in income from gaming companies is higher than that recorded in other sectors such as fashion, automobiles or in-store sales in department stores, we have managed to reduce ERTES [temporary layoffs or reductions in hours] to 15 per cent of the workforce, so that 85 per cent of employees in the sector are working at the moment.”