- Legal States
Mike Johnson April 13, 2022 2 min read
CNMC Report Indicates Gambling Ranked First in the Ecommerce Activities in Spain
A new report issued by the Spanish National Commission on Markets and Competition (CNMC) shows that the overall turnover of the electronic commerce sector in Spain is more than €14.696 million ($15.9 million) for the third trimester of 2021, which is an increase of almost 15% compared to the 2020 figure.
Gambling Back in the Spotlight
As a result, the revenue of the eCommerce sector also grew 15.6% to €4.9 million ($5.3 million). The CNMC report, which is based on data from the third trimester of 2021, states that gambling and betting are the economic activities with most transactions recording 284 million transactions for that period. This represents 10% growth over the same period in 2020.
The gambling sector was first in the ranking by sales, with 6.9%, followed by the restaurant industry with 6.5%. The shopping centers ranked third in the list with 6.2%.
This information simply demonstrates that the games, in which the chance is determinant, are a good option of entertainment, which allows people to forget about their everyday problems.
Apart from gambling, the sectors of activity, which generated the highest revenues, were travel agencies and tour operators with 6.9% of total turnover; the clothing sector with 6.5%, and the services auxiliary to financial intermediation with 5.5%.
High Percentage of Gamblers in Spain, but Low Percentage of Problem Gambling
A study conducted by the University Carlos III of Madrid (UC3M) in 2020 showed that 84.9% of the Spanish population engages in gambling activities. By comparison, more than 90% of the population participated in gambling in the years before the 2007 economic crisis. However, the percentage of problem gambling in Spain is only 0.3%.
Mike made his mark on the industry at a young age as a consultant to companies that would grow to become regulators. Now he dedicates his weekdays to his new project a the lead editor of GamblingNews.com, aiming to educate the masses on the latest developments in the gambling circuit.