Joshua Hodgson

With the FIFA World Cup 2026 approaching, this report examines the structural features of the Spanish online betting market that will shape operator economics during the tournament. We compare Spain's GGR margin against the major European regulated markets, look at how reliant Spanish operators are on football relative to peers, and use historical patterns from France and elsewhere to frame the scale of handle the World Cup is likely to generate for Spanish operators.

The Netherlands Sports Betting Market: 2026 FIFA World Cup Opportunity

Market Overview Germany’s legal sports betting market, across both online and retail channels, generated approximately €8.5 billion in turnover during 2025, representing modest year-over-year growth of around 1%. Football remains the dominant sport, accounting for approximately 78% of this wagering activity, according to the GGL’s 2024 data. Based on H2’s proprietary player survey data conducted in early 2026, international fixtures represent a relatively small share of this activity,...