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.
-
Africa7 days ago
The Top 5 Welcome Bonuses South African Online Casino Players Can Look Forward to in February 2025
-
eSports5 days ago
BLAST.tv Austin Major Becomes Austin’s First Arena Esports Event & Sells Out in Record Six Hours
-
Compliance Updates5 days ago
BGC CEO Warns of Growing Threat of Illegal Gambling Black Market
-
Latest News6 days ago
Evo Awards Show Reveals Official Run of Show on Feb. 15 Dedicated to Celebrating the Fighting Game Community
-
Latest News5 days ago
Week 7/2025 slot games releases
-
Australia6 days ago
David Tsai named as Featured Speaker at Regulating the Game 2025 Sydney
-
eSports7 days ago
BETBY TO POWER SOFTLABS’ ESPORTS PORTFOLIO WITH BETBY GAMES
-
Australia5 days ago
BetMakers Announces Extension to its Agreement with Sportsbet