Your Guide On Online Gambling In Spain With Laws And Regulation

Online gambling is a hot topic of discussion in almost every country on this planet. Many governmental organizations around the world are working on the legalization of online betting, which is providing the potential economic benefits. Spain is one of the most gambling nations that is growing with the thriving gambling industry. Nearly all forms of web-based betting activities are legal in Spain because it is a favorite pastime of local citizens.

Massive Growth In Online Gambling Popularity In 2017

Online gambling/betting in Spain experienced a significant rise in its popularity in 2017 with an earth-shaking 22.6{b3b47b4ce3613a8ae866741a21452b80454d4cde38f39b62399bbbfc1a1a9f3e} rise in revenue. After the introduction of the Spanish Gambling Act in 2011, the government started making a great investment and offer strategic tax reduction. This results in the establishment of more web-based casinos. The realistic gaming experience through live chat and feedback make live dealer casino games the biggest hit in the gambling world.

The demand and popularity undergo a huge increase with the launch of mobile apps and mobile betting versions. According to the Directorate General for the Regulation of Gambling or DGOJ, online gambling generated a revenue of more than €100 in 2016. As the interest of people is increasing day by day in casino games, the online gambling industry is expected to grow a lot in years to come.

Authorities And Legalization

Gambling has been enjoying the status of legally accepted for over 30 years. Online gambling in Spain has been practicing from 2002, when web-based gambling regulation and legalization was initially set in this country. The betting landscape takes a new turn in 2011 when the Spanish Gambling Act was launched to design the framework for licensing online gambling operators in the country.

Spanish Gambling Act allowed individual communities to check the gambling regulations and policies within their localities. This act regulates different forms of fixed-odds betting, pool betting, exchange betting, random combination games, competitions, raffles, and other games. It includes sports betting exchanges, fixed-odds horse racing betting, sports pool betting, and more.

Casino gaming such as slots and table games including blackjack and roulette are regulated by the DGOJ. Bingo, poker games, and sports betting are also regulated by DGOJ. Bet365 is the most trusted gambling site that holds the license for practicing gambling activities.

Sports Betting In Spain

Online sports betting in Spain was found to generate about 49.7{b3b47b4ce3613a8ae866741a21452b80454d4cde38f39b62399bbbfc1a1a9f3e} of the gross revenue of 2013 online gambling industry. Bookmakers are required to receive a license before accepting bettors from the nation. So, check the license number before creating an account at any site and putting your hard-earned money into betting.

Bitcoin Gambling

Just like other forms of betting such as poker, sports betting, casino gambling, etc bitcoin gambling is also legal in Spain. Online bookmakers providing bitcoin gaming experience to Spain residents are required to follow the rules and laws that other web-based gambling operators follow to receive the same license.

Spain is considered to present in the mid of golden age of web-based betting industry. Thus, it has a great scope for further improvements and more exciting gambling experience like never before.