Online casino lifted as sports betting flattens in Portugal

During the first quarter of this year, Portugal has reported a year-on-year increase in igaming revenue, due in part to a jump up in online casino.

Total online gaming revenue for the three months up to March 31 totalled €33.8m ($40.4m), which is €2.5m more than in the corresponding period compared to the last year, but down €2.7m on the final quarter of 2017.

Figures from national gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) also showed that online casino revenue was up by 18 per cent year-on-year to €16.4m.

In the first quarter, slots were responsible for 55.7 per cent of online casino revenue. Also slots should have poker holding an 18.6 per cent market share and French roulette on 16.1 per cent and blackjack 9.6 per cent.

However, while online sports betting remained the main source of revenue with a total of €17.4m for the period, this amount was flat year-on-year and down by more than €3m on the last quarter of 2017.

Football accounted for over three-quarters of total online sports betting revenue, with basketball some way behind in second with a 10.6 per cent and then tennis with 9.6 per cent.

Source:igamingbusiness.com