Industry News
Portugal iGaming Companies Post Highest Ever Revenue in Q4 2019
The regulated iGaming operators in Portugal posted their biggest ever quarterly revenue in the quarter spanning the last three months of 2019. They have amassed a quarterly revenue of €65.4m in the quarter, fueled by a 55 per cent hike in sports betting year-on-year.
The overall turnover reached €1037.5bn, a new record in the history of the country’s gambling and betting industry.
The final quarter performance from dot.pt operators boosted the annual total for 2019 to €215.2m, a 41 per cent increase year on year.
Online casinos contributed about €35m (55 per cent) of the €63.1m added during the year, with sports betting brought the remaining €28.2m (45 per cent).
Slots continued their dominance of casino activity in the final quarter of 2019, accounting for 69 per cent of turnover, ahead of roulette with 13.6 per cent, blackjack with 8.1 per cent, poker right games with 6.5 per cent and tournament poker with 2.8 per cent.
Football accounted for 75 per cent of betting turnover, well ahead of basketball with 13.3 per cent.