Portuguese online gambling market resumes growth in Q3-2017

The Portuguese online gambling market shook off second quarter revenue declines in Q3-2017, with the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulator reporting that revenues resumed a growth trend at Euro 29.3 million…an improvement of 15.6 percent on Q2-2017.

On a year-on-year basis Q3 numbers this year represent an improvement of 21..5 percent; Our readers will recall that the Portuguese online gambling market was launched in June last year.

SRIJ reported that total gambling revenue to date this year is Euro 86.3 million, with government tax offtake at Euro 24.5 million.

At Euro 47.7 million, sports betting has so far delivered 55 percent of total revenue, with online casino and poker operations contributing around Euro 38.4 million.

Betting on football has emerged as the sports betting public’s favourite.

Online casino and poker activity rose 15 percent sequentially in the third quarter to Euro 13.1 million, maintaining an average monthly rate between Euro 4.2 and Euro 4.4 million, with slots the game of choice for Portuguese online punters (about 42 percent of revenue from the vertical).

Poker cash games were slightly down in the quarter, contributing 22 percent, and the remainder came from table games.

82,400 new players registered in the third quarter, a welcome improvement to the generally declining sign-up rates experienced in recent quarters

There are currently seven operators active in the licensed and legal Portuguese online market.