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Portugal’s Online Gambling Revenue Hits Record €215.3M in Q3 2023



Witness a historic surge in Portugal’s online gambling revenue.

Q3 2023 marks a groundbreaking achievement in the market.

Explore the driving factors behind this remarkable growth.

Delve into the details of Portugal’s thriving gambling industry.

Portugal’s Online Gambling Hits Record Heights in Q3

Portugal’s online gambling revenue soared to an unprecedented €215.3M in Q3 2023, eclipsing previous records and demonstrating robust market growth.


Dominance of Online Games of Chance

Online games of chance played a pivotal role, contributing €133.4M to total revenue, a staggering 50.5% increase year-on-year. This segment, predominantly fueled by slots, French roulette, and blackjack, accounted for 62.0% of all online gambling revenue.

Consumers’ Growing Investment in Online Gambling

The total expenditure on online gambling reached a new high at €3.65 billion, with slots leading the spending spree.

Challenges in Online Sports Betting

Despite overall growth, online sports betting faced a decline, with Q3 revenue at €81.9M. Football, tennis, and other sports betting activities witnessed increased player spending, but the segment experienced its third consecutive quarter of decline.

Responsible Gaming: Rising Self-Exclusion Numbers

The Gaming Regulation and Inspection Service (SRIJ) revealed an increase in self-exclusion, with 196,600 players opting out, highlighting a growing awareness of responsible gambling practices.


Active Player Participation and Account Management

The quarter also saw a surge in new online registrations and a notable number of account cancellations, indicating active player engagement in the market.

SRIJ’s Vigilance Against Illegal Operations

SRIJ’s efforts to regulate the market included the shutdown of 23 illegal gambling websites, reaffirming its commitment to maintaining a secure gambling environment.

Land-Based Gambling Also on the Rise

Transitioning from online to land-based, the sector also witnessed growth, with revenue climbing to €76.1M. Slot machines remained the dominant force, while baccarat, American roulette, and blackjack also contributed significantly to the sector’s success.

Conclusion: A Thriving Future for Portugal’s Gambling Industry

Portugal’s gambling industry, both online and land-based, is thriving, with Q3 2023 setting new benchmarks. This trend signifies not only the market’s potential but also the effectiveness of regulatory measures and the growing commitment to responsible gaming. As the industry continues to evolve, it stands as a model of success and sustainability in the dynamic world of gambling.


Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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