Portugal’s iGaming Revenue Increases in Q1 2019

Portugal’s regulated online gambling market has achieved a new quarterly revenue record of €47.3m in Q1 2019. According to official figures released by national regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), this is the highest quarterly revenue total since the country launched its regulated market in May 2016.

The Q1 total is also more than half of the igaming revenue Portugal generated in the whole of last year (€78.9m). Sports betting was the main source of income for the market’s ten igaming licensees, accounting for €24.8m of the total.

Portuguese punters wagered a total of €131.3m on sports during the quarter. In terms of customer spending, online casino was some way ahead, as punters wagered a total of €608.6m in the quarter.

Operators generated €22.6m in revenue, up 45.9% year-on-year. Slots were the most popular form of casino gambling in Q1, with a market share of 63%. French roulette ranked second with 14.8%, with blackjack on 7.8%. However, it was more bad news for the poker market, which saw revenue drop for the third consecutive quarter.

In terms of land-based gaming for the quarter, revenue slipped 2% year-on-year to €75.1m, primarily due to a decline in table games revenue.