International edition
June 15, 2021

A 2% less than the previous year

Spain: State Lotteries and Gambling received 9,8 billion euros in 2009

(Spain).- State Lotteries and Gambling (LAE) received in 2009 a total of 9,8 billion euros, a 2% less than the 10 billion euros obtained in 2008 through the sale of the games it commercializes, according to the announcement made by LAE General Director, Gonzalo Fernández.

D

uring its participation in an informative breakfast organized by the Economic Information Journalists Association (APIE), Fernández has explained that, of those 9,8 billion euros that LAE received the previous year, 3 billion euros have been allocated to the public treasury.

LAE director has shown his satisfaction with this number, because the year started with a 5% decrease in sales, and at the end of the exercise, this reduction has decreased until 2%. With regards to the causes of this decrease, he has indicated that, "in a certain way" the "urban legend” that, in times of economic crisis, people plan more to the lottery is true, but has explained that it is also true that "the average expense" per player decreases. It means that there are more people gambling, but they spend less money.
 
Fernández has pointed that the financial results of the entity in 2009 improved a 4%, which puts the blame on a reduction of 4% in management expenses and structure of the entity, as a consequence of a better efficiency in the way to work in LAE.
 
Compared to the first months of the year, Fernández has indicated that 2010 started “as  2009 did", with a 5% fall in the sales of the Sorteo del Niño. In the first quarter of the year, there was a decrease of 2%, but has pointed that, if the Sorteo del Niño is not considered, we can talk of a 2% growth, so he has indicated that there is a recovery on the “economic capacity of the players”.

When asked for possible new games, Fernández has indicated that LAE is weighing up to organize the draw of Bonoloto, that nowadays is being held Mondays, Tuesdays, Wednesdays and Fridays to "every day of the week". Therefore, he has indicated that the entity plans to replace the current horse races for the “typical ones that are produced in the horse racetracks”.

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