Industry News
Portuguese Online Gambling Revenue Reaches €69.8M in Q1 2020
The online gambling revenue in Portugal has increased by 47.5% to €69.8m during the first quarter of 2020.
This figure is the highest ever for a quarter in Portugal and also marked the first time that online gambling brought in more revenue than its land-based equivalent.
Slightly over half of this total came from online casino, at €35.3m, which grew 56.5% to overtake the revenue from sports betting, which itself grew 39.2% to €34.5m.
This growth in sports betting revenue came despite a 19.6% decrease in amounts wagered to €149.1m. Just under three-quarters of bets (74.7%) were placed on football. It is followed by Basketball with 11.1% bets, tennis (9.1%) and ice hockey (2.5%).
Casino stakes grew by 12.7% to €960.8m. Slots were the most popular online game, accounting for 69.8% of stakes. Roulette followed at 12.6%, while 6.4% was staked on blackjack.
Revenue from land-based casinos and slot arcades fell 17.5% to €62.0m. Of this total, €51.0m came from gaming machines, an 18.3% year-on-year decline. The remaining €11.0m came from land-based casinos, down 12.6%.
The Portuguese government took in €20.8m in online gambling taxes, up 40.1% year-on-year.
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