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Market Size of the Lotteries in Spain (2017-2021, $ Billion)

Industry: Casinos And Gambling
Current: Market Sizing & Shares

The market size of the lotteries sector in Spain reached a value of $6 billion in 2021
The lotteries market in Spain grew by 12% in 2021
The lotteries market in Spain grew at a CAGR of 0.1% during 2017-2021

Lotteries industry in Spain: Industry Overview

The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and other activities, out of which Lotteries account for 28% of the market size with $117 billion.

A lottery is a means of gaining money by selling numbered tickets, drawing those numbers at random at a said time, and distributing prizes in line with the promised amount of money or other objects such as vehicles, shares, bungalows, electronics, etc. to the holders of those numbers.

Spain is the third biggest market for lotteries. The market size of the lotteries sector in Spain reached a value of $6 billion in 2021, accounting for 5% of the global market size. Spain contributes 17% of the market size in the Europe region.

Earlier in the year 2020, the COVID-19 outbreak impacted the sector greatly as most of the outdoor facilities were shut down and people were forced to spend most of their time in their homes, and hence little to no lotteries took place for the better part of the year. The business was shut down for most of the year due to the government’s restrictions and lockdowns. As a result of this, in the year 2020, the market value of lotteries in Spain saw a de-growth of 15%.

After the restrictions were eased, the sector witnessed a recovery in demand as the lotteries market in Spain grew by 12% in 2021 which accounts for an increase in market size of $0.7 billion.

The lotteries market in Spain grew at a CAGR of 0.1% during the period 2017-2021. This was primarily on account of steady growth in demand for lotteries which was seen for the past few years, which later grew at a good pace after the pandemic. The de-growth during 2020 accounted for almost $1 billion which pulled down the CAGR during this period.

The major companies that have a strong presence in Spain’s lotteries market include Jackpot.com, Multilotto, and Lottomart among others.

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