Online casino vertical performance boosts Portuguese gambling revenues

Somewhat tardy Q3-2018 numbers released this week by the Portguese regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) showed continued impressive online revenue growth, boosted especially by the performance of the online casino sector, where eight licensees generated overall revenue of Euro 19.1 million in the period ending September 30. Over half the revenues generated came from slots, trailed weakly by roulette (16.2 percent) and poker (16.7 percent).

That’s a Euro 13.1 million improvement in y-o-y terms

However the governments high tax rate ensured that Euro 17.million of that was taken in taxes across online performance, which included tax on Euro 19.4 million in revenue created by six online sports betting operators. That represented an over Euro 3 million year-on-year improvement but fell below the Euro 20.5 million in revenue reported in Q2-2018. Football betting accounted for almost 76 percent of sports betting revenue, trailed on 16.9 percent by tennis.

Overall new player registrations in the third quarter totalled 83,400.

The regulator also reported on land gambling numbers, noting that overall revenues there rose 13.6 percent y-o-y to Euro 87.5 million.