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Portugal’s Online Gambling Revenue Increases in Q3 2019

George Miller
December 16, 2019
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Portugal’s Online Gambling Revenue Increases in Q3 2019Reading Time: < 1 minute

 

Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), the Portuguese gambling regulator, has reported that the state’s iGaming operations brought in €54.1m ($60.3m) in revenue for Q3 2019, making it the seventh consecutive quarter of increased revenue.

The Q3 figures represent a 39.1% increase when compared with the revenue generated for the same period the previous year. The Q3 revenue was also up €5.8 million from what the online market took in the second quarter. For Q2, the Portuguese online gambling and betting market reported total revenue of €48.3 million.

The state’s gambling regulator also grossed €23.6 million in tax revenue from online gambling operations. During the same period the previous year, the tax contribution from the online gambling sector was just €6.4 million.

Online casinos contributed €28.2 million to the overall revenue, up €8.8 million from what it grossed during Q3 2018. Overall sports betting revenue generated by online sportsbooks in Portugal was reported €25.9 million. For Q2 2019, the sports betting operations generated €23 million in revenue.

Online sportsbooks in Portugal reported a total Q3 betting handle of €114 million. The majority of the bets were placed on football. The total betting handle in Q3 was up €1.9 million when compared with Q2 2019.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Portugal’s Online Gambling Revenue Increases in Q3 2019

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Bringing the Industry Together

Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Get In Touch

Editorial / PR Submissions: [email protected]
Business & Advertising: [email protected]

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