Online Gambling Thriving In Portugal

A number of European countries have seen their online gambling sectors grow in recent years, and according to figures released this week, Portugal is at the forefront of that growth.

 

Data released by the Servico Regulacao e Inspecao de Jogos do Turismo de Portugal (SRIJ) shows that in the fourth quarter of last year, the regulated gambling sector Portugal grew by an impressive 52.1% with the online gambling sector leading the way in the country’s strong performance.

 

The figures showed that in the three months ending on December 31, the Portugal gambling sector took revenue of €43 million, representing a 52.1% rise on the same period of 2018. The data also shows that this was the eighth quarter in a row in which Portugal had set a new record for gambling revenue, underlining the strong performance of this sector of the economy.

 

Sports betting was one of the main drivers of the growth, as this area of the betting industry generated an improvement of 55% when compared with the last quarter of 2018, generating revenue of €33.4 million. In total, the Portugal online betting sector saw €185.2 million wagered in the last three months of 2019, representing an impressive 67.5% increase on the figure for 2018.

 

But although the online sector continues to thrive, SRIJ’s figures also show that the land-based betting industry is struggling. Revenue fell by 0.8% compared to 2018, to a total of €80.6 million. Gaming machines contributed €66 million to the total sector revenue, but that figure was down by 3.5% on the total for 2018. There was better news from the table games sector, which saw an increase of 15.5% in total revenue, to €13.6 million for the last three months of 2019.

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