Home » Portugal’s Online Gambling Revenue Reaches a new Quarterly Record in Q1 2019
Casino News

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 Vavrusova

Michaela Vavrusova

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.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.