The impact of online slots on the economy

Since the approval of the online game in June 2012, the impact it has had on the Spanish economy has been increasing , reaching 1 percent of GDP. However, at present, slot machines represent one of the most popular games in the gambling market.

The impact of online slots on the economy



Since the approval of the online game in June 2012, the impact it has had on the Spanish economy has been increasing

, reaching 1 percent of GDP. However, at present, slot machines represent one of the most popular games in the gambling market. Online gambling represents one of the highest volumes of income from digital commerce in Spain. According to the data provided by the

National Commission for Markets and Competition (CNMC)

, betting and gaming are in fourth place compared to the activities with the highest income.

On the other hand, the

General Directorate of Gaming Management (DGOJ)

, has reported that it represents the 1st Gross Domestic Product (GDP). The General Directorate for Gaming Regulation (DGOJ), a state body belonging to the Ministry of Finance that regulates gambling in Spain, reports in its annual study that online gambling promoted 17,349 million euros during 2018, which represents 30.5% more than the previous year. Thus, the annual variation rate is the most important due to the influence that slot machines have on the sector.

Slots: chosen by amateur and advanced players

Slots are chosen by both novice and advanced players, due to their ease of use and high winning rate. Using the slots does not require any specific skills, as the total mastery of the game is learned immediately.

Even online casinos allow amateur players to get started with software that simulates a real game, because it is not necessary to make a money bet in order to play. 1xbet Casino's analysis shows that there is a great variety of slots on the market, divided by theme so that each player can choose the one that best suits his needs. However, the most classic slots are the most demanded by all kinds of players, due to their ease of use and the possibility of matching the game line in a simple way.

Regulatory framework for online gaming



Law 13/2011 on the Regulation of Gambling enacted in June 2012 provided the regulatory framework necessary for online gambling to have the necessary legal coverage and for its development to reach its maximum potential. In this way, the security provided by the regulation allows players to obtain transparency in each of the operations carried out from the websites.

On the web there is a great variety of online casinos regulated by the General Directorate of Gaming (DGOJ), which offer guarantees to each of the users in the games they play. In addition, all the data entered is protected to protect the players and to make their deposits with the maximum security and transparency possible. In short, the online gambling market has led to a significant growth in the Spanish economy, with slots being the most popular, making it one of the games that collects the most money every day.

Leave a Comment

All fileds with * are required