The gambling industry is big business in Spain. Gambling and sports betting comprise a segment that leads all others in eCommerce activity, according to a new report by the country’s National Commission on Markets and Competition. Spain’s commercial industry gained ground year. Leading the way in transactions was the gambling segment. (Image: Shutterstock) It pays to be involved in gambling in Spain . As much as some people like to think the legal gaming market doesn’t provide any benefits, studies prove otherwise. Casino gambling and sports betting provide forms of entertainment, as well as employment to hundreds of thousands of people around the globe.
There are also direct economic benefits to gambling that come into play. An industry that is now worth over $165 billion a year is too big to be ignored. For Spain, it’s also the biggest part of the eCommerce segment, making it vital for the country’s growth. Spain Gambling is Big Business
The economic activity of gambling and betting is the one that features in more eCommerce transactions in Spain, according to Spain’s National Commission on Markets and Competition (CNMC, for its Spanish acronym). This makes it even bigger than restaurants and shopping centers.
The CNMC’s report is based on data from the third quarter of last year. During that period, the country recorded 284 million transactions for the gaming segment. This represents an increase of 10% over the same period of 2020.
Gambling and betting led the ranking by sales, with 6.9%. Restaurants were close behind, at 6.5%, and department stores took third with their 6.2%.
The result was an increase in overall turnover for the eCommerce segment in Spain. It added 14.8% over its prior-year figure, achieving €14.7 million (US$15.96 million).
This also led to an increase in revenue for the eCommerce sector. It increased by […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.