Online Gambling Revenue in Portugal Broke Records in Q4 2022

Local Activities and Revenue

The gaming industry in Portugal continues to grow and develop. Its gainings rose even higher in comparison to the Q3 earnings, which were €139.8 million.

In the last quarter of 2022, there were such results:

• €109.8 million has amounted from internet casinos, which rose by 48.3%;
• €2.98 billion was spent by punters in general;
• digital slots gathered 79.8% of internet gaming wagers;
• roulettes (8.5%) and blackjack card amusement (5.5%) also were a big part of web casino bids.

As for wagering on athletic events, the earnings became bigger by 30% in comparison to the identical period in 2021. Now, it has reached €85.5 million from players’ spending of €458.7 million.

Let us review the detailed statistics:

• football spearheaded the sports rating and represented 74.2% of betting wagers;
• basketball was the runner-up with 12.5%;
• tennis came right after with 7.6%.

Due to the FIFA World Cup being a large-scale event of the year, a 4th of all wagers were related to it.

According to SRIJ, 340,000 punters have registered on operator websites this year. 60% of all participants were in the age band between 25 and 44. There was an increase in self-restrictions, which rose by 41,500 compared to the last year, making up 150,900 toward the quarter's end.

The regulatory body has issued notices against many distributors that attempted to work on the market illegally. 54 establishments were forced to close, and 74 received blocking notes.