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Portuguese Online Gambling Revenue Surges by 25% in Q1


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Online gambling revenue in Portugal has experienced significant growth, reaching €196.4 million in the first quarter of 2023, according to the country’s gambling regulator, SRIJ. This marks a substantial increase of 24.8 percent compared to the same period last year, surpassing the record GGR achieved in Q4 2022.

In the online sports betting sector, wagers amounting to €441.4 million contributed to a revenue of €85.7 million. Although the sports betting handle saw a slight decrease of 3.8 percent compared to Q4, it exhibited a promising year-on-year growth of 19.5 percent. Football accounted for the majority of bets at 70.6 percent, followed by basketball and tennis. Additional online betting activities reached a total of €2.97 billion in bets.

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Meanwhile, land-based gambling revenue generated by casinos and game machine halls amounted to €65.9 million, reflecting a year-on-year increase of 22.2 percent but a marginal decline of 1.7 percent from Q4 2022. Non-banked games, including poker tournaments and bingo, experienced significant growth with a revenue of €998,490, representing a remarkable 50.3 percent year-on-year increase. Gaming machine revenue also saw a positive uptick of 15.9 percent year-on-year, totaling €50.9 million, while banked games generated €14 million.

The SRIJ’s report further revealed that as of March 31, a total of 166,300 players were registered on Portugal’s gambling self-exclusion list, indicating an increasing awareness of responsible gambling measures in the country.

Jerome McNamara
Jerome McNamara
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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