Traditional Betting
Games that have traditionally involved betting - such as casino, poker, bingo, and other contests - have grown very rapidly in recent decades. It is clear that online access to this type of betting has contributed to the rapid development of the gambling market.
Sports Betting
Meanwhile, sports betting, which has become very popular worldwide, is gaining ground every day with agility and accelerated consistency in Spain. Considering that the first sports betting agency in Spain emerged in 2008, the figures for this type of betting market in 2017 are astonishing. Just 9 years after its appearance, it reached more than 560 million euros (687 million dollars). The trend in this market indicates that one trillion euros per year will soon be reached. Just look at the analysis made by the expert analysts of this market for each quarter of 2017, with the analysis of the last quarter of 2017 being particularly significant.
The sports that have sustained the betting market among Spaniards are the same ones that fill the country's sports stadiums. Football, which stirs so many collective passions, is also obviously the king of sports betting. It is followed by basketball in second place and tennis in third. Experts in the traditional and sports betting market believe that the other sport that will soon reach a good position in this market is horse racing.
Growth of the Spanish Betting Market
These experienced experts in this business also believe that there will definitely be significant growth in sports betting. These mentioned categories of the betting market - football, basketball, tennis, and horse racing - will grow not only due to the individual growth of the real and digital agency market, but rather due to their consolidation. By encompassing both areas of the betting market, users have greater access and greater confidence in the bookmakers where they risk their money, and the market grows. Experience in other countries shows this. Recently, the great growth of the betting business in England (13.8 billion pounds sterling between April 2016 and March 2017) seems to indicate that the consolidation of both branches results in a great expansion of the market and its figures.
The Current Situation of Bookmakers and the Adventure of Growing in this Market in Spain
Are you tempted to ride this wave? It seems like the time is right. The Spanish market is not saturated with bookmakers. Quite the opposite. Less than a dozen companies reign in the market. You can study the situation of this group of companies. For information on Spain, see the bookmakers on SportyTrader and think about whether you want to venture in. Do it now, it's time to seize a slice of the betting market in general and the sports betting market, which are the shining stars of this business that is growing well and fast.
The Spanish market is ready for that super-growth, thanks to the legislative openness, although at this moment the best odds in the market are in the hands of a few bookmakers - while many others have not been able to find their way and are still struggling to emerge or stay afloat, it must be said - it is time to venture in and join this market that is about to experience exponential growth.
It's a matter of studying the market, knowing how to use advertising, marketing, and the consolidation of the different branches of the betting business, and, having done this, creating your bookmaker. Good luck!
