Portuguese Online Gambling Revenue Grows to €65.4M in Q4

Portuguese gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) has reported an online gambling revenue of €65.4m for Q4 2019.

Revenue for the three months through to 31 December 2019 was up 52.1% year-on-year from €43.0m in the final quarter of 2018. Q4 also represented the eighth consecutive quarter in which the market set a new revenue record, surpassing the previous high of €54.1m in Q3.

Sports betting revenue for the quarter amounted to €33.4m, up by 55.0% on the previous year. Consumers wagered a total of €185.3m, an increase of 67.5% from Q4 of 2018.

Football was the most popular sport to bet on in Q4, accounting for 74.6% of all wagers in the period. Basketball followed in a distant second with 13.3%, then tennis on 6.3%.

Revenue from online games of chance revenue also increased 49.1% year-on-year to €32.0m, while the amount spent by players on such games rose by 47.9% to €852.2m. Slots were responsible for 69.0% of all online casino bets in Q4, some way ahead of French roulette on 13.6% and poker with a 9.4% share of the market.

Licensed operators paid a total of €35.8m in online gambling tax during Q4, an increase of 67.4% on the previous year.