Conor Porter is an iGaming and gambling industry journalist covering global casino and sports betting markets. His reporting focuses on industry news, regulation and commercial developments shaping the sector.
Read Full BioPortugal’s gambling market has seen an improvement in revenue from online platforms in the second quarter of 2024, but revenue from land-based operations decreased during the same period in comparison to the previous year.
Serviço de Regulação e Inspeção de Jogos, the country’s gambling regulator, reported a 27.1% year-over-year increase in online gross revenue to €261.8m (Q2 2023: €205.9m), generated by 17 licensed online operations.
Of the total online revenue, SRIJ stated that 60.5% came from games of chance operations, while 39.5% came from online sports betting.
Games of chance revenue stood at €158.5m at the end of the quarter, up 29.9% YoY (2023: €122m), with betting volume of €4.37bn (2023: €3.24bn).
Slot machines had the largest share of games of chance bets during Q2 with 82.3%, followed by French roulette, blackjack, dice games and poker.
Meanwhile, sports betting revenue rose by 23.1% to €103.3m (2023: €84m), with betting volume of €462.3m (2023: €357.6m).
Football betting had the largest share of sports wagers during the period at 69.3%, followed by tennis, basketball and other sports.
With 17 licensed online operators, SRIJ noted that total players were up 16.2% YoY to 4.4 million and up by 3.5% in comparison to the previous quarter.
New registrations grew by 51.2% YoY to 287,600, while self-exclusion rose by 41.5% compared to Q2 2023, reaching 256,900.
As for land-based operations, SRIJ reported that revenue fell by 4.5% YoY to €63.7m (2023: €66.8m), but up 1.3% in comparison to the previous quarter.
Per gaming type, slots generated 78.41% of all land-based gaming revenue during the quarter, with other casino games filling in the remaining 21.59%. Roulette had the largest share of these other casino games at 36.5%, followed by baccarat, dice games, blackjack and poker.
