The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and others, out of which ‘others’ accounts for 16% of the market size with $66 billion.
Predicting results and making a bet on the outcome of traditional games is known as other forms of betting. The frequency of the games varies by culture, with most wagers being put on amateur and professional levels of the association including games like horse racing, track cycling, car racing, etc.
Spain is the fourth biggest market for other forms of betting. The market size of the other betting sector in Spain reached a value of $5 billion in 2021, accounting for 8% of the global market size.
Earlier in the year 2020, globally, when the COVID-19 outbreak impacted the sector greatly, other forms of betting in Spain had no effect with a growth of 3%, accounting for an increase in market size of $0.2 billion.
After the restrictions were eased and the other betting sector was witnessing a global recovery in demand, Spain saw a growth of a significant 4% in 2021.
The other forms of betting market in Spain grew at a CAGR of negative 0.1% during the period 2017-2021. This was primarily on account of the restrictions placed in the country. The market in Spain was seeing slow growth before the pandemic hit as the public was shifting towards sports betting and Casinos which saw good growth during the same period.
The major companies in Spain that have a strong presence in ‘Other’ betting include LeoVegas, Betway, and 888sport among others.
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