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Portuguese Online Gambling Revenue Grows to €65.4M in Q4

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6 years ago

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Portuguese Online Gambling Revenue Grows to €65.4M in Q4
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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.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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