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Portugal’s Online Gambling Revenue Reaches a new Quarterly Record in Q1 2019

Portugal’s national regulator, Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), released official results for the first quarter of 2019 in online gambling. The figures show that the country achieved new all-time high gained in a single quarter since opening its regulated market in May 2016.

Amounting to €47.3 million, the gross revenue surpassed the same period last year by almost €15 million, which represents an increase of close to 44%. The total for Q1 also happens to exceed half of the revenue that online gaming generated in Portugal throughout the whole of last year (€78.9 million).

The revenue is growing on all fronts

The biggest contribution came from sports wagering, which brought in €24.8 million, thus accounting for roughly 52.4% of the total sum.
Casino revenue was not far behind, generating €22.6 million in revenue and showing a 45.9% rise on the previous year. As for the individual divisions, the slots turned out to be the most popular way of gambling, taking 63% of the market share. 14.8% came from French roulette, second in the ranking, and blackjack accounted for 7.8%. The numbers were spoiled only by the poker market, which marked a decline for the third time in a row.

In terms of the punters spending, sports betting received total wagers of €131.3 million, while casino had beaten it several times over with €608.6 million spent in bets during this quarter.

Land-based revenue, on the other hand, was not that lucky. The year-on-year result for the first quarter came negative by 2%, falling to €75.1 million. Table games had the biggest influence over this number as the drop in their revenue was more significant than in other sectors.

Source: https://europeangaming.eu/portal/latest-news/2019/07/08/49991/portugals-igaming-revenue-increases-in-q1-2019/

About the author

Michaela Vravusova

Michaela Vravusova

Michaela is a freelance journalist, writer and a translator with passion for everything new. She has a university degree in Journalism and years of experience writing for various newspapers and magazines on a wide range of subjects. She takes her inspiration from travelling around the world discovering different cultures and lifestyles.

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