Portuguese online gambling revenue up 38.5% in Q3

Portuguese igaming revenue remains strong but was down on Q2.
Portuguese igaming revenue remains strong but was down on Q2.

The Portuguese gambling regulator SRIJ has reported that revenue for the quarter hit €114.2m.

Portugal.- Online gambling revenue remains strong in Portugal, with the total for Q3 up 38.5 per cent year-on-year however revenue was down 14.9 per cent from an exceptional second quarter. Revenue was €114.2m according to the Portuguese gambling regulator Serviço de Regulação e Inspeção de Jogos of Turismo de Portugal (SRIJ).

Online casino was the strongest segment with revenue of €64.8m, up 55.3 per cent year-on-year. Stakes were up 50.8 per cent at €1.78bn. Slots contributed 77.5 per cent of that followed by roulette (9.8 per cent and blackjack (5.2 per cent).

Online sports betting revenue totalled €49.3m, up 16 per cent year-on-year. Stakes were up 33.2 per cent to €296.9m. The vast majority of bets (82.1 per cent) were placed on football, with Portuguese Primeira Liga and Uefa Champions League accounting for 10.1 per cent of all sports betting stakes alone.

The SRIJ issued 26 new online gaming licences in Q3: 15 sports betting licences and 11 casino licences. New player registrations were up 3.5 per cent to 162,300 and gaming tax for Q3 was €40m, up 41.3 per cent year-on-year.

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