Portugal Hits Record €84.2m iGaming Revenue
The Portuguese regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) has reported online gambling revenue reached a record €84.2m (£74.77m / US$101.9m) in the three months to 30 September 2020.
It was a 55.6% year-on-year increase on €54.1m at the same time in 2019, and 22.6% growth on €68.7m in the previous quarter of 2020.
The split between sports betting and casino was fairly even, with the former accounting for €42.5m in Q3 and games of chance reached €41.7m.
Sports betting was up 23.2% from 2019 and more than doubled compared to Q2, during which sports events were affected by covid-19 shutdowns.
Players wagered a total of €222.8m on sports betting in Q3, which was almost double the figure wagered a year earlier.
Football accounted for 79.1% of all wagers placed in the quarter. Tennis came in next with11.8% of bets, followed by basketball with 6.5%.
Casino revenue was up 47.9% on the previous year. But it was down 12.9% on the €47.9m generated in Q2 2020.
In total, punters spent €1.18bn on online games in the third quarter of 2020, up 59.4% from €741.6m at the same time in the previous year.
Slots generated 70.3% of wagers, ahead of roulette on 13.8%, blackjack on 6.1% and poker, which took 4.8% of the market share.
Q3 saw 156,000 people register for new accounts in Q3, while the number that chose to self-exclude also rose to 62,100.
During Q3 of 2020, there were 24 licenced operators active in Portugal, up from 18 in 2019. Of those, 11 were for sports betting and 13 for online games of chance.