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Spain’s Online Gambling’s Biggest MarketIt looks as if there is a new sheriff in town and it is Spain. According to a recent report, the Spanish gambling market is the fastest growing online gaming market in the world. They estimate that they will bring in somewhere around $5 billion, with their total gambling market somewhere around $50 billion within the next three years. The report is called “The Spanish Gambling Market – a Key Region for Future Growth” and it says that because of their less restrictive jurisdiction, they have become a popular market for many gambling companies. Once Spain announced that they were looking to regulate their industry last year, tons of applications for slot machine or gambling licenses came in. The report says that one of the reasons they are so popular is because they are autonomous now, but are working towards one gambling market, which would be beneficial to the gambling companies. Many major gambling companies are looking to Spain for their next expansion, and it is expected that they will increase their market share by 240%. They already have a large Spanish Lottery, which is arguably one of the largest in the world, so it shows that there is a tendency toward gambling in the country. It also shows how well gambling industry companies will do in Spain.
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