iGaming in Portugal records 55% hike in Q3

iGaming in Portugal gets 55% hike in Q3.
iGaming in Portugal gets 55% hike in Q3.

Total bets during the period amounted to US$103 million and increased US$18.9 million in the previous quarter.

Portugal.- Portugal’s gaming and betting regulator, the Serviço de Regulação e Inspeção de Jogos (SRIJ), said the iGaming sector reached sales of US$103m (€84.2m) in the third quarter of 2020, marking a 55.7 per cent increase year on year.

The numbers also represented a US$18.9m (€15.5m) rise from the second quarter of 2020.

Sports betting represented 50.5 per cent of sales amounting to US$52m (€42.5m), up US$20.44m (€16.7m) on the same quarter in 2019.

Football accounted for 80 per cent of the bets placed during the period, and tennis and basketball accounted for 18 per cent.

Fortune games reached 49.5 per cent of the total revenues, reaching US$51m (€41.7m) during the quarter and representing a US$16.5m (€13.5m) increase on the same period in 2019.

Online machine gaming accounted for 70 per cent of bets during the period. French roulette accounted for 13.8 per cent while online poker as a whole totalled 6.74 per cent.

Portugal’s iGaming landscape

In the three months leading to September 30, 14 operators were licensed in Portugal. This was three more than in the third quarter of 2019.

They collectively hold 24 licences, up from 18 in 2019. Eleven of them are for sports betting and the remaining 13 for fortune games.

About 156,800 new players registered during Q3, according to the 14 operators in the country.

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